Russia Excluded from SWIFT, Suggested Need for Fed Funding Preparation-Bloomberg
Some Russian banks from the international payment network of the International Interbank Communication Association (SWIFT)excludeThe decision to make could lead to overdue payments and huge overdrafts within the payments network, which could force financial authorities, including the United States, to supply dollars to the market again. Credit Suisse Group strategist Zoltan Posser analyzed the impact … Read more