Min menu

Pages

Latest [LastPost]

Bloomberg: Credit Suisse launches forced margin liquidation of Russian assets

Bloomberg: Credit Suisse launches forced margin liquidation of Russian assets

Credit Suisse has launched forced margin calls for wealthy clients using Russian assets as collateral, after their value plummeted following sanctions against Moscow.

Bloomberg: Credit Suisse launches forced margin liquidation of Russian assets Credit Suisse has launched forced margin calls for wealthy clients using Russian assets as collateral, after their value plummeted following sanctions against Moscow.  And “Bloomberg” agency reported today, Friday, quoting people connected to the matter, that the second largest bank in Switzerland is asking customers to provide more guarantees after reducing the lending values ​​​​on Russian securities.  The report indicated that it was not clear how much the margin claims were and whether all of them were met.  Russian assets and the ruble witnessed a strong decline, with the country's economy targeted by sanctions by Western countries, against the backdrop of Moscow's invasion of Ukraine.  Last week, it was reported that several Swiss banks had reduced the amounts they were willing to lend against Russian assets, in some cases reaching zero.


And “Bloomberg” agency reported today, Friday, quoting people connected to the matter, that the second largest bank in Switzerland is asking customers to provide more guarantees after reducing the lending values ​​​​on Russian securities.


The report indicated that it was not clear how much the margin claims were and whether all of them were met.


Russian assets and the ruble witnessed a strong decline, with the country's economy targeted by sanctions by Western countries, against the backdrop of Moscow's invasion of Ukraine.


Last week, it was reported that several Swiss banks had reduced the amounts they were willing to lend against Russian assets, in some cases reaching zero.

Rate us :
Admin
Admin
Welcome to cairotimes24.com. We hope our topics satisfy your interest and admiration. Please do not forget to like our page on Facebook, our page on Twitter and on Pinterest to receive all new

Comments

This site translates the news to English and does not make it