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Financial stability and bank runs

The ECB Podcast

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The Banking Crisis in the Euro Area

Three US banks failed in the space of just a few weeks and during that time, Global Bank Credit Suisse was also taken over by UBS in Switzerland. For some, it no doubt brought back memories of the fear and turmoil of 2008. But the effects on Euro area banks were very limited. We did see large drops in bank stock and bond prices, especially on so-called AT-1 instruments but there were no serious stresses of the kind that we saw in 2008.

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