A Goldman Sachs sign is seen above their booth on the floor of the New York Stock Exchange, January 19, 2011. REUTERS/Brendan McDermid/File Photo
LONDON, March 18 - Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, saying a lack of clarity on Credit Suisse'sCredit Suisse was thrown a $54 billion lifeline by the Swiss central bank on Thursday to shore up liquidity after a slump in its shares and bonds intensified fears about a global banking crisis.
"The Swiss National Bank's decision to provide Credit Suisse with significant and inexpensive liquidity fell short of stabilising sentiment in both the equity and credit markets," Goldman Sachs analyst Lotfi Karoui wrote in a note to clients dated March 17. Relative to 15 years ago, the sector's fundamentals were stronger and the global systemic linkages weaker - a trend that greatly limited the risk of a potential vicious circle of counterparty credit losses, Karoui noted.Goldman Sachs initiated its overweight recommendation on European bank debt in mid-January.
Imagine that. With debt to GDP already higher than it has ever been in history... the system which imposes a terminal obfuscation of our currency upon us... recognizes that (as a result) some of the peripheral perpetrators are carrying more than others. + those places threaten.
Böyle devam ederse yakında EUDelegationTur dağılacak gibi ne dersiniz ABBaskanligi Olası Bankacılık krizi “ AB “ yi dağıtır . possible bank crisis breaks up the EU
Not UK 🇬🇧🇬🇧🇬🇧👍👍👍
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