Seeking Alpha

One outlier in today's rally is Austria's Erste Bank (EBKDY.PK -9%), which dove after taking...

One outlier in today's rally is Austria's Erste Bank (EBKDY.PK -9%), which dove after taking writedowns on its CDS book and its sovereign holdings, especially those of Hungary. "Clearly disappointing news (and) likely to trigger a cycle of ratings downgrades," says GFI Research.
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