Friday's Note March 24, 2023 | Fear Over Facts
Happy Friday-
The next domino is teetering- Deutsche Bank- as their credit default swaps soar. Their common shares listed in the US are down about -6% but with no apparent catalyst outside of the higher CDS spreads. But other banks are seeing their swaps move higher - like HSBC, Barclays, Santander, BNP Paribas and SocGen. Are they next?
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