Bloomberg Daybreak: Europe Edition cover image

Credit Suisse Taps $54 Billion of Central Bank Funding Amid Crisis Of Confidence

Bloomberg Daybreak: Europe Edition

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What Should Be Watching Out for Today?

Credit Suisse is a totally different situation. SBB clearly had a really strange deposit base with nothing that was stable and a lending book that was focused on the future. So there was a natural mismatch, same thing could be said about signature in ways with its crypto exposure. What we can't tell is what will be the flow. They had inflows in January, which is the latest stats that at least I'm aware of. It will be quite telling as that data comes,. We're fond of saying central banks are data dependent in ways. This is going to be a data dependent situation as well.

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