• US Official: Credit Suisse's problems are unrelated to deposit runs on us regional banks

Noticias del mercado

19 marzo 2023

US Official: Credit Suisse's problems are unrelated to deposit runs on us regional banks

“US regulators were in touch with Swiss counterparts on UBS-Credit Suisse deal,” said an anonymous US Official during Sunday per Reuters.

Additional comments

US bank deposits have stabilized, with outflows either slowing, stopping or in some cases reversing.

US banks have limited exposure to credit suisse after reducing exposure in recent months.

Market sentiment remains fragile

The news fails to improve market’s mood, even if the traders begin the key week on a firmer footing after weekend news of the UBS-Credit Suisse deal. The reason could be linked to Reuters’ headlines suggesting more banking fallouts in Europe.

Also read: UBS to take over Credit Suisse

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