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Falling stocks in Europe and US stoke banking crisis fears | DW News
Posted
March 15, 2023
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YouTube Description
as posted by the channelA record drop in shares at Swiss banking giant Credit Suisse on Wednesday has fanned fears of a possible banking crisis.
US-listed shares at the global investment bank plummeted by more than a quarter after the bank's largest shareholder — the Saudi National Bank — said it would not inject more cash into the bank.
The Financial Times reported that Credit Suisse had appealed to the Swiss National Bank for a public show of support, citing people familiar with the matter.
At the close of trade in Europe on Wednesday, Credit Suisse's stock price was down 24%, having recovered slightly from its lowest ebb during the day.
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Credit SuisseSaudi National BankThe Financial TimesSwiss National BankWednesday Credit Suisse'sSubscribe ForFollow DW
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