After a week of further rate rises, the world’s major central banks have stated that their banking systems are safe and sound. Credit Suisse shows us, once again, what such statements are worth.
Credit Suisse, UBS, and Swiss banking authorities announce the shotgun marriage of the two giant Swiss banks. Bloomberg
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Adrian Blundell-Wignall writes on the world economy and is a former director of the OECD. He is currently in Paris.
