The European Central Bank has contacted banks on its watch to quiz them on their exposure to struggling Swiss lender Credit Suisse , two supervisory sources told Reuters.
The logo of the European Central Bank is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach//File Photo
FRANKFURT, March 15 - The European Central Bank has contacted banks on its watch to quiz them on their exposure to struggling Swiss lender Credit SuisseOne of sources cautioned, however, that they saw Credit Suisse's problems as specific to that bank, rather than systemic.on course to shed nearly a fifth of its value on Wednesday after its largest shareholder said it could not provide any more support, pushing the Swiss bank's CEO to make new assurances on its financial strength.
Reporting by Frank Siebelt and Francesco Canepa in Frankfurt; Rishabh Jaiswal in Bengaluru; Editing by Christina Fincher
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