With over US$100 billion of Russian debt in foreign banks, this raises questions about the risks to banks outside Russia – and the potential for a default to kick off a 2008-style liquidity crisis, where banks panic about the state of other banks’ solvency and stop lending.
We couldn’t agree more when IMF officials released the statement “the conflict is a major blow to the global economy that will hurt growth and raise prices”.
The SWIFT sanctions, as well as other actions, could contribute to a default on Russian obligations abroad that could have repercussions on the foreign creditors and bring about a liquidity shock to the U.S. or European interbank.
Suit it Up - 2
Jonathan Sidwell and Suits
In the series suits Jonathan sidwell is shown to be an investment banker. Investment Bankers are basically people who underwrite new securities for all types of corporations, assist in the sale of securities, and arrange for mergers.
and use them to make moves in the markets. They also provide financial services of the kind that only the extremely wealthy would ever need such as asset management, hedging, M&A, IPOs, venture capital, derivatives trading and underwriting etc