Credit Suisse Group AG – Page 2

As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution

Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.

The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.

Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.

Swiss regulators announced that UBS, Switzerland’s largest bank, would take over the troubled Credit Suisse.

Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.