On the SPOT blog (02/28/2022) [D..]
Updated: Aug 31, 2022
Mixed close today as the Geo-Politics remains in flux. Banks that were considered safe in rising interest rate environment are now vulnerable to how much exposure they have to Russia. These still need to be evaluated on a case by case basis as they release corresponding information (for example, Citi released information on their exposure to Russia). Remains to be seen how much discount will we see on some of the US banks' stocks after we assimilate all the current implications.
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