US official crossing news wires:
- US banks have limited exposure to Credit Suisse after reducing exposure in recent months
- US bank deposits have stabilised, with outflows either slowing, stopping of some cases reversing
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Comments follow the impactful news in past hours:
- Early flows into non-USD FX in early Asia after the UBS-CS deal agreed to
- Fed, BoE, BoJ, ECB SNB, BoC to coordinate action to enhance liquidity provision
