Credit Suisse's scale and potential impact on the global economy is greater than U.S. regional banks, and its balance sheet is larger than #LehmanBrothers'. It is also globally interconnected, making an orderly management of its situation even more important.

#UBS buys #CreditSuisse for $3.2 billion as regulators look to shore up the #GlobalBanking system | #SVBCrash
https://www.nbcnews.com/business/ubs-reportedly-offers-buy-credit-suisse-1-billion-rcna75653

"Panic has gripped #GlobalBanking stocks for the second time in a week: the #WaveOfFear prompted by the collapse of #California’s #SiliconValleyBank (#SVB) has been followed by fresh jitters over the stability of major European bank Credit Suisse"

#CreditSuisse: what is happening at #SwissBank and should we be worried? | #BankFinance #Europe #Switzerland
https://www.theguardian.com/business/2023/mar/15/credit-suisse-what-is-happening-at-swiss-bank-and-should-we-be-worried