Minister of Finance USA Janet Yellen and Central Bank (Fed) Chairman Jerome Powell expressed satisfaction with the acquisition Credit Suisse from UBS, giving confidence that the US banking system is strong.

“We are pleased with the statements made today by the Swiss authorities in support of financial stability,” the US Treasury Department and the Fed said in a joint statement.

“The US banking system is strong in terms of capitalization and liquidity, and the US financial system is resilient,” they add.

The US Treasury and the Fed were “in close contact” with their international counterparts to support the buyout operation.

In London, the British government hailed the move by the Swiss authorities to facilitate the takeover of Credit Suisse by UBS and assured that the British banking system was “solid”.

“The UK Government applauds the actions of the Swiss authorities in facilitating the acquisition of Credit Suisse by UBS to maintain financial stability,” UK Chancellor of the Exchequer Jeremy Hunt tweeted. “The Bank of England has confirmed that the UK banking system is safe, sound and capitalized,” he wrote, citing a related statement from the Bank of England.

^{Source: APE-MEB, AFP.}