. 00.
Image: Pascal Mora/Bloomberg.
That case made.
00.
The failure of Credit Suisse Group AG shows that Europe’s top lenders would still need liquidity assistance from central banks if they were to collapse, according a.
.
.
.
.
.
The country’s number one lender UBS, Credit Suisse now being absorbed by UBS as part of a government-orchestrated rescue, are SIBs according to the Swiss National Bank.
S witzerland’s central bank and financial regulator said Credit Suisse Group AG will receive a liquidity backstop if needed, in an effort to arrest the slump in.
The Swiss central bank said it would provide a liquidity backstop to Credit Suisse after the lender’s shares fell by as much as 30 per cent and sparked a broader sell-off in European and US bank stocks.
.
.
.
.
.
That case made.
