Could Russian Sanctions Boost Swiss, Chinese Banks?

When looking at the US foreign policy landscape, Dick Bove, banking analyst from Rafferty Capital Markets, notes the emergence of the BRICs nations. It is here Bove sees an emerging power that could challenge US, British and German economic dominance.

Russian sanctions boosting money flow to Chinese and Swiss banks

Bove thinks it could be the US frozen out of the international banking system, with money flowing primarily to China in the east and Switzerland in the west as a result of recent Russian sanctions.

Bove looks at US sanctions against Russia - with instance on punishing entire bank corporations - and...