WRAPUP 12-Credit Suisse $54 bln lifeline offers limited respite to global banks,In Europe, the region's banking index was up 0.9% by 1530 GMT, after days of heavy losses due to investor fears over potential bank stresses across the world. The unease spread beyond the financial sector, with German corporate treasurers urged by their industry association not to "underestimate the current situation." Since March 8, before last week's collapse of Silicon Valley Bank (SVB), European banks have lost around $165 billion in market value, Refinitiv data shows. Policymakers have emphasized that the present situation is different than the global financial crisis as banks are better capitalised and funds more easily available.
WRAPUP 12-Credit Suisse $54 bln lifeline offers limited respite to global banks
In Europe, the region's banking index was up 0.9% by 1530 GMT, after days of heavy losses due to investor fears over potential bank stresses across the world. The unease spread beyond the financial sector, with German corporate treasurers urged by their industry association not to "underestimate the current situation." Since March 8, before last week's collapse of Silicon Valley Bank (SVB), European banks have lost around $165 billion in market value, Refinitiv data shows. Policymakers have emphasized that the present situation is different than the global financial crisis as banks are better capitalised and funds more easily available.
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