SVB wouldn’t happen in Europe, says Deutsche CIB head
Campelli also thinks Credit Suisse’s bailed-in AT1 bonds acted as originally intended
The head of Deutsche Bank’s corporate and investment bank, Fabrizio Campelli, has vouched for the European Union banking sector following the collapse of Silicon Valley Bank in the US. Campelli believes the strong capital and liquidity position of most EU banks means there is little read-across from the demise of second-tier US banks.
He also backed Swiss regulators’ decision to write down Credit Suisse’s additional tier 1 (AT1) debt after its forced sale to UBS last weekend, saying the
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