SNB’s Roth says Swiss banks acted early enough
By admin on Sep 18, 2008 in Swiss Banking
Swiss banks have taken necessary measures early enough during the credit crisis, SNB Chairman Jean-Pierre Roth said in a TV interview on Thursday.
“I am glad that our large banks have taken measures quickly,” Roth told Swiss TV channel SF1.
“We see now that the situation in America is much worse. But here we took measures early enough,” Roth said.
The central bank was strongly engaged to avoid any sort of worst-case scenario, he said.
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