Swedish Policy Makers Rush to Stamp Out Bank Liquidity Concerns
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Swedish policy makers rushed to ease concerns the nation’s banking industry was at danger from a loss of international funding after shares plunged yesterday.
Riksbank Deputy Governor Lars Nyberg said in an interview today that the banks have “no difficulties obtaining their international funding,” while Finance Minister Anders Borg said at a press briefing that lenders “are better capitalized than before” and have “greater stability.”