Bank shares recover as markets digest Credit Suisse rescue action

Paschal Donohoe hails changes in Europe since the financial crisis and ECB says it is ready to respond

A protest against the UBS purchase of Credit Suisse takes place outside Credit Suisse headquarters in Zurich yesterday. Photo: Denis Balibouse/Reuters

Jon Ihle

Irish bank shares staged a comeback on Monday after European authorities issued assurances about the strength of the financial system following the forced sale of Credit Suisse to UBS.