ECB Officials Reportedly Probed Lenders About Credit Suisse Exposures
Following the collapse of several US banks, The Wall Street Journal has reported on the current trouble with Credit Suisse bank. Additionally, reports indicate that European Central Bank (ECB) officials probed lenders about their Credit Suisse exposures. Moreover, today has seen European Banks take a massive hit in share prices. Specifically, Credit Suisse has fallen more than 25% today, reaching a new all-time low. Additionally, shares in some of the largest banks in France and Germany have seen large falls. Ultimately, The Wall Street Journal has noted the potential regulator’s involvement needed to calm the situation. Source: BizBuzz Credit Suisse Fall Continues Banking Worry Just last week, the US saw two of its major banks completely collapse. Conversely, the failure of both Silicon Valley Bank and Signature Bank represented some of the largest bank closures since the 2008 financial crisis. Consequently, igniting a new form of panic from those in the sector. Now...