Central banks around the world lined up to hail Credit Suisse’s rescue, and emphasized the strength of the lenders under their remit.
U.S. Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell said they welcomed the Credit Suisse deal announced Sunday and stressed that the capital and liquidity of U.S. banks is strong.
“We welcome the announcements by the Swiss authorities today to support financial stability,” the officials said in a joint statement. “The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient. We have been in close contact with our international counterparts to support their implementation.”
