off-the-wire

EU ministers note speed of unfolding of U.S., Swiss bank turbulence

Kitco Media
By Reuters
Published:
Updated:
Reuters

BRUSSELS, April 28 (Reuters) - European Union finance ministers noted the speed with which recent bank turbulence in the United States and Switzerland unfolded, as a lesson for the European banking sector, the chairman of euro zone finance ministers Paschal Donohoe said.

Speaking at a press conference after the ministers' talks in Stockholm, Donohoe stressed the European banking sector was resilient, well capitalised and liquid.

Reporting by Jan Strupczewski and Simon Johnson
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