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Precarious calm after the bailout of Credit Suisse by UBS


DECRYPTION - Markets, still nervous, regained some lost ground, while central banks intervened to facilitate liquidity.

Reassure, stop the contagion, identify weaknesses.

Political, economic and monetary authorities were seeking to erect firewalls after the rescue of Credit Suisse by its competitor Union of Swiss Banks (UBS) concluded on Sunday evening.

This operation

"is not only decisive for Switzerland, but for the stability of the entire global financial system",

claimed Sunday the President of the Swiss Confederation, Alain Berset.


"contributes to restoring orderly market conditions and ensuring financial stability",

welcomed Christine Lagarde, President of the European Central Bank (ECB), in the process.

We are convinced that the capital and liquidity positions of the banks in the euro zone are very satisfactory,”

she insisted again on Monday, during a hearing in the European Parliament.


“two series of

banking problems” that have occurred in recent days in the United States and Switzerland

“do not concern French banks”

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Source: lefigaro

All news articles on 2023-03-20

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