The Wall Street Journal first reported earlier on Wednesday that ECB supervisors were looking into financial ties between Credit Suisse and euro zone banks, citing people familiar with the matter. (Reporting by Frank Siebelt and Francesco Canepa in Frankfurt; Rishabh Jaiswal in Bengaluru; Editing by Christina Fincher)
(Updates with sources)
FRANKFURT, March 15 (Reuters) - 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.
One of sources cautioned, however, that they saw Credit
Suisse's problems as specific to that bank, rather than
systemic.
Credit Suisse was 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.
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