German financial system proving stable and robust - regulator

Kitco Media
By Reuters
Published:
Updated:
Reuters
BERLIN, March 20 (Reuters) - Germany's financial system continues to be stable and robust, the country's financial regulator BaFin said on Monday. Speaking after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group AG, a BaFin spokesperson said it was watching market developments and would take them into account. (Writing by Friederike Heine, Editing by Matthias Williams)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.