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Swiss authorities monitor banks and insurers following the SVB bankruptcy.

Published On 14 Mar 2023 04:09 PM


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Following the failures of Silicon Valley Bank and Signature Bank, the Swiss financial regulator FINMA announced on Monday that it would identify any potential contagion risks for the nation's banks and insurers.

Investors were unconvinced by the U.S. government's efforts to reassure them by guaranteeing the deposits of the two Swiss banks, and Swiss bank stocks fell along with those of other global banks.

Credit Sui....


Tags : Silicon Valley Bank, Signature Bank, Swiss financial regulator FINMA,
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