Credit Suisse Shares Crash as Banking Crisis Goes Global

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Shares of Swiss banking giant Credit Suisse fell by more than 20 percent and the cost of insuring its bonds against default soared on Wednesday after its biggest shareholder said it would “absolutely not” provide additional support.

The decline brought shares to an all-time low. Concerns about the bank’s health and stability have been weighing on the stock for three months.

“The answer is absolutely not, for many reasons outside the simplest reason, which is regulatory and statutory,” Chairman Ammar Al Khudairy said inAl Khudairy said increasing his bank’s stake in Credit Suisse would bring an unwanted regulatory burden under Swiss, Saudi, and European laws.

 

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More More More!!! are all people ask for!

Giving the bank money is like trying to revive a Corpse !

So Biden is now the President when the US initiated a global banking crisis......seems the last time this happened it was another democrat who held that position and Biden was his gopher boy.

Dems spent money like drunken sailors during Covid, now we have run away inflation, fed raises rates to control inflation “not Dems spending”, now high rates stress banks and the poorly run ones fail. It’s all foreseeable

Trump owes them a LOT of money

So, you're saying it's time to buy Credit Suisse?

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Credit Suisse woes knock euro, sterling, Swiss FrancEuropean currencies fell sharply on Wednesday after Credit Suisse's tumble to a new low renewed worries about the European banking sector following Silicon Valley Bank's collapse. these will be affected
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Credit Suisse shares hit record low as banking giant admits to ‘material weaknesses’Credit Suisse shares hit an all-time low in early Tuesday trading after the Swiss banking giant admitted to discovering “material weaknesses” in its financial reporting over the past two years.
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SVB collapse: Shares of Credit Suisse hit new all time low in morning tradingShares of Credit Suisse fell by 5% this morning, hitting an all-time low in the aftermath of the failure of Silicon Valley Bank. The Swiss lender announced it had 'material weakness' in its financial reporting for 2021 and 2022.
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Credit Suisse shares hit record lowCredit Suisse saw its stock sink to a record-low price level Tuesday in the morning, with shares for the bank subsequently being priced around $2.50 by afternoon. Coming soon, round two I hope someone sees this. Does Fox Business realize their two new shows are always off? The voice is way ahead of the video. I think it's sabotage! Please look into this. It could be just my cable or something. Spectrum Cable in South Carolina.
Source: FoxBusiness - 🏆 458. / 53 Read more »