Investors stepped cautiously into bank stocks on Tuesday, emboldened by the rescue of Credit Suisse, with share prices tentatively rising in Europe and Asia amid lingering concerns about further damage to credit markets and smaller U.S. lenders.
"This time, major central banks have been reacting very swiftly to backstop liquidity. U.S. officials are also studying ways to temporarily guarantee all bank deposits if the banking crisis expands," Tam said.
But Credit Suisse CEO Ulrich Koerner, who was expected to attend dropped out and the event was closed to media.Policymakers from Washington to Europe have repeatedly stressed that the current turmoil is different from the global financial crisis 15 years ago, pointing to banks being better capitalised and funds more easily available.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Swiss Banking Association: Credibility in Swiss banking has not been destroyed by the Credit Suisse crisisSwiss Banking Association: Credibility in Swiss banking has not been destroyed by the Credit Suisse crisis Switzerland Banks RiskAppetite DollarIndex
Leer más »
Credit Suisse and banking crisis, Fed meeting, Nike earnings top week aheadThe future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
Leer más »
Credit Suisse bought out by UBS as banking fears claim big victimUBS has struck a deal to purchase troubled Credit Suisse for $2 billion, the Financial Times reported on Sunday, as a maelstrom of higher interest rates and bank solvency fears continue to batter global markets.
Leer más »
UBS is buying Credit Suisse in bid to halt banking crisis | CNN BusinessSwitzerland's biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.
Leer más »
UBS agrees to buy Credit Suisse as regulators look to shore up the global banking systemCredit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.
Leer más »
Banking giant UBS is acquiring smaller rival Credit SuisseBanking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday
Leer más »