Published by
Barchart
Barchart
Fuel has been added to the fire again. Credit Suisse has revived fears of a banking crisis. Their biggest shareholder, “The Saudi National Bank,” told news outlets that it would not put more money into the Swiss Lender. This is so that The Saudi National Bank can avoid regulations kicking in if they have more than a 10% stake in Credit Suisse. After this, the share price of Credit Suisse shares lost more than a quarter of its value. This prompted a trading halt and sent other European Bank stocks to tumble. Today, Credit Suisse has been handed a lifeline in the form of a 50 billion Swiss Franc…
You must log in to post a comment.