Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
00:00
Are You Being Compensated Enough?
Bob Michael, CIO and Global Head of Fixed Income at JPMorgan Asset Management. 16 billion Swiss francs worth of risky notes go to zero. What does that mean for a $275 billion market of these instruments? We just have to accept that the banking system is a fractional reserve system.
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