Does the Fed Have a Hand to Play?
Real Vision: Finance & Investing
00:00
Credit Swiss Bonds - What's Going to Happen?
First Republic rallying almost 30% on the day on news of this private sector potential investment remarks. Secretary of Treasury Janet Yellen said essentially that they are open to backstopping more depositors should the need arise. The idea of what happened over at Credit Swiss, the idea of the AT1 bonds getting essentially wiped out. And finally, something that we were talking about a little bit off camera today.
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