Credit Suisse chairman says Silicon Valley Bank crisis looks 'local and contained'

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On Friday, SVB was taken over by regulators after massive withdrawals a day earlier effectively created a bank run.

When asked if he would rule out some kind of government assistance in the future, Lehmann answered: "That's not the topic." "We are regulated, we have strong capital ratios, very strong balance sheet.

We are all hands on deck. So that's not the topic whatsoever."2023 and 2024 are the years for the bank to stabilize, Lehmann said, with a focus on global wealth management business in Asia, in the Middle East and in Latin America.

 

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but. in the meantime... Credit Suisse plunges to fresh All-Time low as Saudi National Bank rules out assistance. It's now down 96.7% below its ATH.

Yea he would do 🤡

Subprime is contained at only 5%

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