The JSE tracked the global equities slump on Wednesday as the sell-off after the collapse of Silicon Valley Bank regained momentum from fresh turmoil at Credit Suisse.
Mounting troubles at the Swiss lender added to jitters after its biggest shareholder, Saudi National Bank, said it would not inject more money into the bank, which is already battling to recover from a string of scandals that have undermined client and investor confidence. Credit Suisse shares lost as much as 30% of their value on the day, hitting an all-time low...
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE slips as investors focus on SVB failureSome market participants are betting the sudden financial shock could cause the US Fed to pause interest-rate hikes
Source: BDliveSA - 🏆 12. / 63 Read more »