Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Sat, Mar 18, 2023 7:44 PM

Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis

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A lack of clarity on Credit Suisse's future course will put pressure on the region's larger financial sector, which has lowered its recommendation on exposure to European bank debt from overweight to neutral. Credit Suisse was offered a $54 Bn lifeline by the Swiss central bank to shore up liquidity after a slide in its shares and bonds raised fears about a worldwide banking catastrophe.

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