MADRID, March 16 (Reuters) - Spanish banks' exposure to
Swiss lender Credit Suisse is immaterial and lower than
1 billion euros ($1.06 billion), a source with knowledge of the
matter said on Thursday.
"The total exposure from Spanish lenders to Credit Suisse is
well below 1 billion euros," the source said, without
elaborating further.
Credit Suisse in Spain declined to comment.
Two supervisory sources told Reuters on Wednesday that the
European Central Bank had contacted banks on its watch to quiz
them on their exposure to struggling Swiss lender Credit Suisse.
After a slump in its shares intensified fears about a global
banking crisis, Credit Suisse on Thursday said it would borrow
up to $54 billion from the Swiss central bank to shore up
liquidity and investor confidence.
($1 = 0.9428 euros)
(Reporting by Jesús Aguado; editing by Aislinn Laing)
Messaging: Reuters Messaging:
jesus.aguado.reuters.com@reuters.net))
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