Updated: Aug 31
Twosday today (all 2s [or 0s] in the date on a Tuesday). Market volatility continues as President Biden imposes sanctions on Russia. Oil prices have risen again. Inflationary concerns are probably going to rise as well. With impending rate hikes, banks could look attractive. However, one needs to check banks' exposure to Russia as current environment could impact banks' business in that region. European banks are perhaps more exposed to Russia than US banks. Nevertheless, it's a parameter that needs to be considered for any bank.