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Search resuls for: "Stefania Spezzati Elisa Martinuzzi"


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☆ Two major banks in Europe worry about contagion, look to regulators for reassurance
  + stars: | 2023-03-19 | by ( Stefania Spezzati Elisa Martinuzzi | Stefania Spezzati | Elisa Martinuzzi | ) www.reuters.com   time to read: +2 min
The fallout from the crisis of confidence in Credit Suisse Group AG (CSGN.S) and the failure of two U.S. banks could continue to ripple through the financial system next week, the two executives separately told Reuters on Sunday. The two banks have held their own internal deliberations on how soon the European Central Bank should weigh in to highlight banks' resilience, specifically their capital and liquidity positions, the people said. The executives said that their banks and the sector are well capitalized and liquidity is strong, but they fear that the crisis of confidence will sweep up more lenders. But it stressed it was monitoring market tensions and would respond as necessary to preserve price stability and financial stability in the currency bloc. As one of 30 global systemically important banks, Credit Suisse's problems could ripple throughout the entire financial system, industry executives have said.
☆ Credit Suisse equities business under the microscope after revenue crash
  + stars: | 2023-03-08 | by ( Stefania Spezzati Elisa Martinuzzi | Stefania Spezzati | Elisa Martinuzzi | ) www.reuters.com   time to read: +7 min
At the Fontainebleau hotel, Credit Suisse bankers were puzzled by the announcements, and concerned about their jobs being on the line, said the executive, who declined to be named. In response to questions from Reuters for this article, a spokesperson for Credit Suisse in London said: "We never comment on rumours or speculation." 'A ROCK AND A HARD PLACE'Even after Credit Suisse stopped financing hedge funds following the Archegos implosion in March 2021, the equities business remained a key part of its investment bank revenue. One option Credit Suisse is considering is to move its equities research to CSFB, Reuters reported. Slimming down the equities business would draw a further line under Credit Suisse's investment bank ambitions.
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