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After the collapse on the Credit Suisse Stock Exchange on Wednesday March 15, many are worried about a risk of contagion on French banks. The Swiss Central Bank had to intervene and lend 50 billion euros to Credit Suisse to avoid its bankruptcy, which would lead to others.
The banks French will bethe next to get caught up in the turmoil? On Wednesday March 15, Credit Suisse, the second Swiss bank, collapsed on the stock market. Forced to come to his aid to reassure him, the country’s authorities lent him 50 billion euros in emergency, to allow him to float. The bank was already known for these weaknesses but this alert spread concern throughout the sector and throughout Europe.
A considerable impact in the event of bankruptcy
On the stock market, the values of French banks have collapsed in recent days. “We see this stall here, we came back six months ago. We erased six months of increase”deciphers François Chauletpresident of Montsegur Finance. The fear of seeing other banks fall in turn is growing. “The suspicion is great and if we imagine that a player the size of Crédit Suisse went bankrupt, obviously the impact would be major on the whole sector, like what we had experienced with Lehman Brothers“, adds François Chaulet.
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