Evergrande downgrade to cause losses for BlackRock, HSBC, UBS, and others

The #Evergrande meltdown in China continues to unfold, as a new report suggests Blackrock, UBS, HSBC, and others are set to face large losses as the major holders of the bonds that just got downgraded.

Evergrande downgrade to cause losses for BlackRock, HSBC, UBS, and others

One of the largest real estate and financial bubbles are interlocked.

Are they now popping?