Sources: Large US banks view Credit Suisse exposure as manageable – Reuters
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Reuters cites three anonymous industry sources on Wednesday to say, “Large US banks have managed their exposure to Credit Suisse in recent months and view risks from the lender as contained so far.”
The industry sources spoke before Swiss financial regulator Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) said on Wednesday that the SNB would provide Credit Suisse liquidity “if necessary”, a first for a global bank since the financial crisis, reported Reuters.
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