ECB supervisors see no contagion to euro zone from bank turmoil, source says

European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit Suisse and some U.S. banks, a source said.

The source, familiar with the content of the "ad hoc meeting" of the Single Supervisory Board, told Reuters that supervisors were told deposits remained stable across euro zone banks and exposure to Credit Suisse was immaterial.

An ECB spokesperson declined to comment.