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European Central Bank supervisors see no contagion for euro zone banks from recent sector turmoil, a source said on Friday, even as rescue deals for Credit Suisse and First Republic Bank failed to arrest pressure on their share prices.
The ECB held a board meeting to discuss the stresses and volatility in the banking sector.
The supervisors were told deposits were stable across the euro zone and its Credit Suisse exposure was immaterial.
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First Published: Fri, March 17 2023. 22:26 IST
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