Analysis: Confusion, but not panic, reigns in global finance in Russia’s wake
March 7 (Reuters) – Western allies’ sanctions against Russia have started to blow back in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, such fires have been precursors to financial crises.
But some market participants say they aren’t seeing panic in the market, at least not yet.
“We haven’t had any of those ‘holy shit’ phone calls,” said David Schamis, co-founder of financial services-focused private equity firm Atlas Merchant Capital, while heading out of town for his daughter’s hockey tournament over the weekend.
Oligarchs gonna Oligarch on your back.
