BofA CEO: Situational Awareness hedge fund meltdown was a warning shot for leveraged markets
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BofA CEO: Situational Awareness hedge fund meltdown was a warning shot for leveraged markets
Bank of America CEO Brian Moynihan on Wednesday called the recent near-collapse of high-flying AI hedge fund Situational Awareness a warning shot for financial markets that are being fueled by elevated valuations and borrowed money. "These are all warning shots," Moynihan told CNBC's Andrew Ross Sorkin. "Valuations get out, leverage in the ...
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