View street instant11/1/2023 That means, there's less money pumping into the economy, which is effectively deflationary. And, we're going to have more regulations about lending. "What this has done is we're going to have tighter lending standards. I think they certainly learned their lessons through the European sovereign crisis." "Whether it will spread to other banks, with the French banks, I don't think so. Whether it's enough to solve Credit Suisse's problems in the longer term probably is debatable." It's going to take up the SNB's offer for 50 billion Swiss franc, which will certainly stem the tide in the short term. "In terms of where Credit Suisse finds itself, it's got to get itself out of the rut that it's in and it's been in this rut for over a decade. TONY SYCAMORE, MARKET ANALYST AT IG GROUP, SYDNEY A major risk in the near term is the impact on liquidity in the interbank market and the credit market." certainly stirred up risk-off sentiment and caused volatility in the European markets. Nonetheless, existential questions about a large international bank based in Europe soon after the closure of a couple of banks across the pond in the U.S. "Credit Suisse has its own issues, which do not necessarily spill over into systemic risks of the European banking system. REDMOND WONG, GREATER CHINA STRATEGIST AT SAXO MARKETS, HONG KONG Here are some comments from market analysts:
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