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Bank Bonds Tumble Into Distress
Published 3 years, 3 months ago
Description
Credit Suisse debt plunged into distress after the collapse of SVB Financial Group, spreading fear through the global banking sector. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie asks Bloomberg Intelligence credit analysts Arnold Kakuda and Jeroen Julius whether this is a Lehman Brothers moment for financial institutions. Bloomberg News reporter Amelia Pollard also digs into the impact of SVB’s failure.
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