Ann: Change in substantial holding, page-19

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Banks and big institutional investors aremost exposed. But, given the relatively small exposure, the globalrepercussions are likely to be contained.European banks, particularly those inAustria, France and Italy, could incur some heavy losses. The Bank ForInternational Settlements estimates French and Italian banks each have lentaround $US25 billion while Austrian banks are nervously eyeing the $US17.5billion they extended.Some of those banks are among the few Western businesses to maintain links. Societe Generale, with $20 billion net exposure, BNP Paribus and Credit Suisse with considerably less.Since Russia forcibly took Crimea in 2014, American banks have been decreasing their Russian exposure, although Citibankreportedly has $US10 billion outstanding.e o q

These banks who are expose to (Russian debt)(theymay(Russia) default on their next payment in 2 weeks , that could explain whythey are dumping shares to keep liquidity such as Credit Suisse The SELL OFF will gain momentum soon . Maybe ?