ECB leadership says Credit Suisse’s collapse will not lead to a new banking crisis in Europe 19:27

The sharp decline in the value of the shares of Credit Suisse, Switzerland’s second largest bank, will not lead to a new banking crisis in the European financial market. Currently there is no “contagion risk” for other credit institutions in the region, declaration Pierre Wunsch, Member of the Board of Governors of the European Central Bank (ECB), in an interview with the Belgian newspaper L’Echo.

According to him, the possibility of bankruptcy of the Swiss banking structure Credit Suisse Group AG is is Low. In addition, local financial authorities will do everything possible to prevent such a scenario.

“I don’t see the risk of European banks being infected and a new banking crisis in the region. “I can’t imagine that the Swiss authorities would do nothing if there was a real problem,” Wunsch said.

16 March Credit Suisse (CS) management reportedTo maintain existing contributions to CS, the Swiss National Bank (local central bank) will borrow 50 billion Swiss francs, or approximately $53.7 billion, from its entities.

Source: Gazeta


Please enter your comment!
Please enter your name here


More from author

Where live online England vs. Ukraine, qualifying stage for Eurocopa Germany 2024: TV channel and streaming

Wembley organizes the match between England And Ukrainewhich corresponds to the qualifying phase of the Eurocup to be held in Germany in 2024.KNOW ALL...

Haji believes Karpin “spit” at Russian coaches in his own words about a possible resignation 22:22

Former manager of Moscow "Spartak" Alexander Haji commented on the draw of the Russian team in the friendly match with the Iranian team.The match...

Pentagon: US does not want war with Iran after attack on base in Syria21:47

Pentagon spokesman Patrick Ryder said the United States did not want to expand the conflict or go to war with Iran after the attack...

Atlético Nacional vs. Medellín for the BetPlay League 2023 I: called up, starters and substitutes

Purslane and Powerful face each other again for the date of the classics, both at a good time.Atletico Nacional and Independiente Medellin They star...