Authorities downplay Swiss exposure to debt problems

7th June 2010, Comments 0 comments

Share prices fall on Monday morning as concerns over financial institutions exposure to debt-laden European economies continue to swirl around the markets. The Swiss National Bank plays down the exposure of UBS and Credit Suisse to troubled euro zone countries Portugal, Ireland, Italy, Greece and Spain saying that 13 billion francs of debt does not pose a significant threat to the Swiss economy.

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