After the takeover of Credit Suisse, why banks are struggling to restore confidence

by time news

How far will the fall go? After the bankruptcy of Silicon Valley Bank, victim of a bank run following the deterioration in the value of its bond portfolio, it was Credit Suisse that suffered the repercussions of the loss of confidence in the banking sector. At the end of a week of upheavals, marked by a yoyo on the Zurich Stock Exchange and a loan of 50 billion Swiss francs (as much in euros) granted by the Swiss National Bank, the second bank in the country, weakened for several years, was acquired by UBS under pressure from the authorities.

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