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Seventrader@7Trader
17H
Blackrock and Allianz are not shadow banks......
Blackstone, Brookfield, Apollo, Ares etc. are, but not the two mentioned.
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All-in-or-nothing@All-in-or-nothing
15H
@7Trader At its core, PIMCO is not about Allianz as such😉.
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Bruce💎🙌@BruceBullridge
3H
@7Trader I would be very interested to know why you disagree? According to the definition of a shadow bank, in my view the world's largest asset manager is absolutely part of this shadow banking system.
Allianz was referring to the PIMCO division, which in my view also belongs by definition.
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