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

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

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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