Margin Debt, Backed by Enron-Déjà-Vu Steinhoff Shares, Hits BofA, Citi, HSBC, Goldman, BNP
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Shadow margin” is a hot business for brokers. Now they’re licking their wounds. When the bankers of Christo Wiese, the former chairman and largest shareholder of Steinhoff International Holdings – a global retail empire that includes the Mattress Firm and Sleepy’s in the US – went to work on December 6 … Read more