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Nairaland Forum / Nairaland / General / Business / Several US Banks Make $100 Million+ Selling Russian Bonds (351 Views)
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Several US Banks Make $100 Million+ Selling Russian Bonds by Nobody: 12:24pm On Apr 27, 2022 |
JP Morgan and Goldman mint US$100m each trading Russian debt JP Morgan and Goldman Sachs have reaped significant profits trading Russian debt and derivatives this year amid a dramatic reshuffling in investor exposure to the country following Moscow’s invasion of Ukraine in February. But it’s not just buying and selling Russian bonds that has proved profitable. Sources said trading in Russia credit-default swaps has also been an important driver of revenues. Russian sovereign CDS prices have swung wildly in recent weeks amid widespread confusion over whether Moscow will default on its external debt – something it has avoided so far. https://www.ifre.com/story/3317586/jp-morgan-and-goldman-mint-us100m-each-trading-russian-debt-1ynqk4mkrv |
Re: Several US Banks Make $100 Million+ Selling Russian Bonds by miztaparagon: 1:42pm On Apr 27, 2022 |
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