EU, Asia bank shares slide despite UBS decision to buy out Credit Suisse

Fed e Tesouro dos EUA celebram compra do Credit Suisse pelo UBS. REUTERS - DENIS BALIBOUSE

The European financial system is "resilient" the European Central Bank said on Monday, as global bank shares and oil prices slumped following the announcement that Switzerland's biggest bank UBS will take over troubled rival Credit Suisse.

"The European banking sector is resilient, with robust levels of capital and liquidity," the ECB said in a joint statement with the European Banking Authority and the EU's Single Resolution Board.