What about the hundreds of billions of dollars of Level 2 and Level 3 assets held by the biggest banks?
Complex, risky trades whose fair value is hard to determine.
These are the so-called Level 2 and Level 3 assets, the types of instruments that blew up in 2008.
Europe’s banks have hundreds of billions of euros of risky assets
Bloomberg 3 April 2020
These are the so-called Level 2 and Level 3 assets, the types of instruments that blew up in 2008.
Europe’s banks have hundreds of billions of euros of risky assets
Bloomberg 3 April 2020
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