Credit Suisse is well on its way to being taken over by UBS. But what will be the next shoes to drop? Commercial and Residential Real Estate are in crisis worldwide. The magnifying glass is on Blackstone right now. Others, like Pacific Investment Management and Brookfield, are also being eyed as well.
In this country, that brings me back to BMO and CIBC. So, we definitely live in interesting times, but to qualify this as interesting is the understatement of the year.
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