Pimco Heavily Exposed to Russian Debt

The video discusses the exit of major Wall Street banks from Russia in response to the Ukraine invasion. It highlights the exposure of Goldman Sachs, JP Morgan, Citigroup, and PIMCO to Russian financial markets. The complexities of untangling financial ties with Russia are explored, including the challenges faced by Citigroup and the potential impact on PIMCO due to credit default swaps. The video also covers market reactions and speculations regarding Russian debt and the role of banks as market makers during this period.

Which bank is noted for having a relatively limited exposure to Russia, with some employees moving to Dubai?

• Goldman Sachs

• Citigroup

• PIMCO

• JP Morgan

What is the approximate total exposure of Citigroup to Russian entities?

• $600 million

• $2.2 trillion

• $10 billion

• $700 million

What financial instrument does PIMCO have significant exposure to, which could lead to losses if Russia defaults?

• Treasury bonds

• Credit default swaps

• Corporate stocks

• Real estate investments

What is the main concern if Russia pays its debts in rubles instead of dollars?

• It would increase inflation

• It would strengthen the ruble

• It might be considered a default

• It could lead to a currency crisis

What is Goldman Sachs' stated role in the market despite exiting Russia?

• To help clients reduce risk in Russian securities

• To speculate on Russian securities

• To acquire more Russian assets

• To increase their exposure to Russian bonds