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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)
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To: Xpiderman who wrote (18)9/2/1998 11:25:00 AM
From: BDR  Read Replies (2) of 268
 
NYTimes:

Ripples from Russia's economic crisis are spreading rapidly through world financial markets, as Citicorp, Bankers Trust, Morgan Stanley Dean Witter, Barclays and Nomura Securities Tuesday joined the growing list of companies reporting heavy losses on their Russian businesses.

Citicorp's chairman, John Reed, and its president, Victor Menezes, said in a statement to employees that they expected earnings for the three months ended Sept. 30 to be cut by about $200 million because of losses related to Russia.

nytimes.com
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