Europe

EU leaders play down bank risks as economy weakens

Political leaders said sector’s generally in “good shape” after Deutsche Bank stock fell 14%

By The Associated Press |March 24, 2023

3 min read

Credit Suisse deal averted crisis, Swiss central bank says

Swiss National Bank hiked its key interest rate on Thursday

By Jamey Keaten, The Associated Press  and  David Mchugh, The Associated Press |March 23, 2023

4 min read

Credit Suisse–UBS deal offers hope, but bank doubts persist

Some customers were caught off guard by the turmoil, at odds with Switzerland's reputation as as stable banking haven

By Kelvin Chan, The Associated Press |March 20, 2023

4 min read

ECB backs big rate hike despite bank chaos

The European Central Bank said it's monitoring current market tensions closely

By David Mchugh, The Associated Press |March 16, 2023

4 min read