According to @KobeissiLetter, unrealized losses on US banks’ investment securities reached $395.3 billion in Q2 2025, approximately six times higher than the peak during the 2008 Financial Crisis and marking the 13th consecutive quarter of losses as interest rates remained elevated. According to @KobeissiLetter, the FDIC Problem Bank List rose to 59 institutions in Q2 2025, or 1.3% of the aggregate, and these unrealized losses continue to pose a significant risk.