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mmayr

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mmayr

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Monday, 03/29/2021 8:17:42 AM

Monday, March 29, 2021 8:17:42 AM

Post# of 41167
Global banks warn of possible losses from hedge fund default

BERLIN (AP) — Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s Nomura said it could face a loss of $2 billion due to an event with a U.S. client.

See Article: https://apnews.com/article/business-b0ffd8047469e566ea24ba5609c6ed23

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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