The Swiss National Bank (SNB) and the Swiss Financial Market Regulatory Authority issued a joint declaration on the reliability of the German Swiss banking mechanism and Credit Suisse on March 15th. The problems of "some foreign banks" do not pose a risk to the Swiss financial management system, they wrote.

It is reported that this statement was produced in response to the needs of Credit Suisse. Regulators said Credit Suisse met all capital and liquidity requirements, but "the SNB will provide liquidity to Credit Suisse if necessary." However, Credit Suisse is still "in line with capital and liquidity requirements for systemically important banks." Credit Suisse "has recently been affected by market performance", the statement said.

Ulrich Kohner, CEO of Credit Suisse Group, confirmed on March 14th that the bank had a traditional view of interest rate risk. On the same day, JPMorgan Bank recognized that "there are serious defects in the internal control system of financial statements". The bank's profit in 2022 was the worst since the international financial crisis in 2008.

SBN's announcement came as credit suisse shares plummeted by 30% at the start of new home trading on march 15th and was temporarily halted in a large-scale sale. Several other bank transactions in Europe also ended at the same time.

Amar Jani Al-Khudari, governor of the Bank of Saudi Arabia, made it clear on March 15th that the Saudi central bank, Credit Suisse's largest shareholder, with a 9.8 per cent stake, would never support Credit Suisse.

Senior ECB officials have already contacted them to supervise banks to learn about their openness to Credit Suisse, and the French finance minister will call his German and Swiss colleagues to discuss the trend of Credit Suisse. A senior US Treasury official told the media that the National Treasury is already concerned about the bank's phenomenon.