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.

What challenges do banks face in untangling their ties with sanctioned entities?

In what ways are corporate clients being supported by Goldman during their exit from Russia?