Switzerland’s Banking Association Head, Dr. Marcel Rohner, stated on Tuesday that “credibility in Swiss banking has not been destroyed by the Credit Suisse issue, but the situation is not good.”
“The availability of credit in Switzerland is not an issue; our banking environment is becoming increasingly competitive,” Rohner noted.
Credit Suisse crisis reaction on Market
So far this Tuesday, risk sentiment has improved, with the US S&P 500 futures up 0.31% on the day. Meanwhile, the US Dollar Index is up 0.12% on the day to 103.40.
