IMF: US banking sector faces vulnerabilities. Investor confidence in the sector remains fragile, the IMF said.
The IMF expressed concern about the high unrealized losses of banking organizations caused by rising interest rates. Earlier, American entrepreneur Elon Musk said that in the future the US federal budget may not be enough for anything other than paying interest on debts. The International Monetary Fund (IMF) said the U.S. banking sector continues to face various vulnerabilities following a series of collapses of major financial institutions.