- Should the markets’ worst fears on Credit Suisse come true, the euro-area economy will fall off a cliff, upend the global financial system and bring policy tightening by major central banks to a screaming halt.

Unlike Silicon Valley Bank and Signature Bank, the Swiss lender is classified as systemically important by the US Financial Stability Board — meaning it’s too big to fail as a collapse has the potential to trigger a financial crisis.

European Central Bank officials contacted lenders Wednesday to ask about their financial exposure to Credit Suisse, the Wall Street Journal reported. #Breaking #News #CreditSuisse

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