Europe’s Top Banks Won’t Face Credit Suisse’s Fate, Moody’s Says

Europe’s top banks are unlikely to face the kind of downward spiral that forced Credit Suisse Group AG into the arms of larger Swiss competitor UBS Group AG over the weekend, according to Moody’s Investors Service.

None of the region’s 11 remaining mega-banks, which include Deutsche Bank AG and BNP Paribas SA, show the “credit profile weaknesses that led to investor and depositor loss of confidence” in Credit Suisse which built up over almost two years, Moody’s said in a report on Wednesday.