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US Sen. Stabenow does not see systemic problems in banking industry

Reuters

WASHINGTON, March 15 (Reuters) - Credit Suisse's problems are not an indication of widespread weaknesses within the banking industry but should be closely monitored, Democratic Senator Debbie Stabenow said on Wednesday.

"I don't see this being widespread but it's very, very important to stay on top of it and the administration is. Nobody takes this lightly and they're monitoring all of this very closely," Stabenow, a senior Senate Banking Committee member, told Reuters in a brief hallway interview.

(Reporting by Richard Cowan)