The four largest banks in the US now have a total of $205 billion in unrealized losses on their balance sheets, according to a new report. Bank of America, Wells Fargo, JPMorgan Chase and Citigroup have compiled the losses due to bad bets in the bond market, reports the Financial Times, citing fresh data from the Federal Deposit Insurance Corporation (FDIC). More info: https://tinyurl.com/k5rzzmf8