Two major banks in Europe look to regulators to stem contagion risk – by anilpanchal7 Banks RiskAversion NewsTrading Europe Sentiment
“The fallout from the crisis of confidence in Credit Suisse Group AG and the failure of two U.S. banks could ripple through the financial system next week, the two executives separately told Reuters on Sunday,” reported Reuters.
The executives said their banks and the sector are well capitalized and their liquidity is strong, but they fear the crisis of confidence will sweep up more lenders. A third executive at another major European bank separately told Reuters they thought the ECB would be reluctant to make a public statement before markets reopen, questioning whether they would judge it necessary at this time and adding that the main focus was still on talks in Switzerland.
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