London | The Bank of England was on Monday liaising with Swiss authorities after an attempt by Credit Suisse to calm nerves instead stoked fears of further turbulence in the financial system.
There were no major developments at the Zurich-based lender over the weekend after a statement from Ulrich Koerner, its chief executive, on Friday mixed with a febrile atmosphere on global markets fuelled speculation over potential threats to the 166-year-old lender’s stability.
