Bank of America to protect themselves ‧Reduce European country exposure site - hpc

hpc

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Bank of America to protect themselves ‧Reduce European country exposure site - hpc

Financial Times reported that Wall Street banks are stepping up the counterparties and borrowers to modify the contract, otherwise, find other banking for transactions, U.S. banking industry is preparing that there are country out of euro.
The U.S. banking industry has taken advantage of the credit default swaps and other hedging instruments to reduce the net exposure site of euro area countries in the hardship.
According to the disclosure of information analysis, JP Morgan Chase, Bank of America, Citigroup, Morgan Stanley and Goldman Sachs have lower exposures, but varies situation.
 
 
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