Swiss Banking Association: Credibility in Swiss banking has not been destroyed by the Credit Suisse crisis

Dr. Marcel Rohner, Switzerland’s Banking Association Chairman, said on Tuesday, “credibility in Swiss banking has not been destroyed by the Credit Suisse crisis, but the situation is not good.”

“The Swiss credit supply is not a problem, our banking environment is increasingly competitive,” Rohner added.

Market reaction

Risk sentiment is in a firmer spot so far this Tuesday, with the US S&P 500 futures up 0.31% on the day. Meanwhile, the US Dollar Index is posting 0.12% on the day to trade at 103.40.