ECB questions banks over links to Credit Suisse: sources

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The European Central Bank has contacted banks under its surveillance to ask them about their exposure to Credit Suisse (SIX:CSGN), two supervisory sources told Reuters.

One of the sources cautioned, however, that he considered Credit Suisse’s problems to be bank-specific, rather than systemic.

Credit Suisse was poised to lose nearly a fifth of its value on Wednesday after its largest shareholder said it could not provide further support, pushing the Swiss bank’s chief executive to re-offer assurances about its financial strength.

The Wall Street Journal first reported Wednesday that ECB supervisors were investigating financial links between Credit Suisse and euro zone banks, citing people familiar with the matter.

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