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Worsening sentiment got even worserer after The Wall Street Journal reports, citing unidentified people familiar with the matter, ECB officials contacted lenders it supervises Wednesday to ask about financial exposures to Credit Suisse AG.
“If regulators do not handle the Credit Suisse situation well, this will send shockwaves through the whole sector,” said Joost Beaumont, head of bank research at Dutch lender ABN Amro.
“To make matter worse, both sides of the Atlantic have banking issues.”
Worsening sentiment got even worserer after The Wall Street Journal reports, citing unidentified people familiar with the matter, ECB officials contacted lenders it supervises Wednesday to ask about financial exposures to Credit Suisse AG.
“If regulators do not handle the Credit Suisse situation well, this will send shockwaves through the whole sector,” said Joost Beaumont, head of bank research at Dutch lender ABN Amro.
“To make matter worse, both sides of the Atlantic have banking issues.”