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On March 10, U.S. California regulators shut down Silicon Valley Bank, one of the top 20 U.S. institutions. It was the largest insolvency instance in the US since the 2008 financial crisis.
The biggest bank in Switzerland, UBS, announced on March 19 that it would acquire the troubled Credit Suisse for 3 billion Swiss francs ($3.2 billion).
"The financial industry here is very stable. We made some fairly audacious decisions following the (global financial) crisis 15 years ago, and they put us in a good position," Glenn told Reuters.
source: reuters.com
The biggest bank in Switzerland, UBS, announced on March 19 that it would acquire the troubled Credit Suisse for 3 billion Swiss francs ($3.2 billion).
"The financial industry here is very stable. We made some fairly audacious decisions following the (global financial) crisis 15 years ago, and they put us in a good position," Glenn told Reuters.
source: reuters.com
