Orcel: 'We Were Worried About Contagion in Lack of Confidence'

The transcript discusses the recent banking crisis involving Credit Suisse and Signature Bank, emphasizing the importance of trust and confidence in the banking system. It compares the current situation to the 2008 financial crisis, highlighting differences in market reactions and issues like liquidity and interest rate mismatches. The stability of European banks is addressed, with a focus on the ECB's role in maintaining confidence through rate increases and shareholder actions.

What was the ECB's stance regarding rate increases during the banking crisis?

What was the significance of the 3.35 billion share distribution mentioned in the text?