The Bonds Of The Third Largest Austrian Bank Are Crashing

``As Bloomberg reports, Raiffeisen had a total of 4.3 billion euros of Swiss franc loans outstanding as of September 2014, according to estimates by Moody's Investors Service... The largest part of these are in Poland, where the franc has appreciated 17 percent against the zloty since Jan. 14, threatening to push up defaults on the bank's 2.9 billion euros of mortgages in the Swiss currency.'' -- On this note, see Poland's Government to Reset Swiss Franc Mortgages.