Shares in the Swiss lender plunged more than 30% at one point on Wednesday to
That compounded panic about potential weaknesses across a global banking sector still reeling from SVB’s collapse as well as fears over continuing problems at the Swiss lender, which asHow worried should we be?reiterated its statement that the UK banking system is not at risk and “remains safe, sound, and well-capitalised”. The Guardian understands that staff at the Bank are continuing to monitor developments in the financial sector closely.also plunged on Wednesday as traders took fright.
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