Washington Watch: ECB’s Schnabel says European banking sector looks resilient amid turmoil in U.S

Washington Watch: ECB’s Schnabel says European banking sector looks resilient amid turmoil in U.S

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The European banking sector has not been directly affected by turmoil in the wake of the collapse of Silicon Valley Bank, so the effects on credit will likely be smaller than in the United States, European Central Bank board member Isabel Schnabel said Wednesday. “It looks like our banks look…

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