Exposure Fallout: The Bloomberg Open, Europe Edition

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Before it’s here, it’s on the Bloomberg Terminal

By Richard Macauley and Abhishek Shanker

March 21, 2023 at 2:03 AM EDT

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Good morning. Pimco and Invesco are said to be exposed to Credit Suisse’s AT1 debt. The US Treasury explores temporarily expanding insurance to all bank deposits. And our Big Take examines how Elon Musk has become one of Joe Biden’s biggest headaches.

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