- FINMA is seeking to identify any potential contagion risks for Swiss banks and insurers after SVB collapse.
- Credit Suisse shares hit new low, 5.8% fall in STOXX banking index.
- Joe Biden pledged to do whatever is needed to address banking crisis.
- FINMA is monitoring for any spill-over effects from the failure of Silvergate Capital.
- Bank of England facilitated a private sale of UK arm of SVB to HSBC.
Swiss regulator monitoring banks and insurers after SVB collapse
Swiss financial regulator FINMA on Monday said it was seeking to identify any potential contagion risks for the country's banks and insurers following the collapses of Silicon Valley Bank and Signature Bank .
/cloudfront-us-east-2.images.arcpublishing.com/reuters/T2YFEIEHYZJRBDD7NGRL4PT464.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/X2QWQ6CKCVKTFGKJHDSIAXMFFU.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HR7B6S6LINIDBBR5LYCLJF7UBU.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BYL7ESQPMFMSNNVJSVCYKYTPH4.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/6W5WJY7T4NLKVFJO5JX37LPYS4.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OGBROYPEZVMVNLCKMBDIE2XJCE.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JG3AL7UAGVPBJHJUNQS4YZL4SE.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/T2YFEIEHYZJRBDD7NGRL4PT464.jpg&description=Swiss%20regulator%20monitoring%20banks%20and%20insurers%20after%20SVB%20collapse){kind=link}