Asian stocks tumble after Credit Suisse takeover

Stocks rise after Credit Suisse takeover soothes some banking fears

Stocks opened with slight gains Monday following extensive efforts to shore up the global banking system.  At the market open, the Dow Jones Industrial Average rose 0.7 percent and the S&P 500 rose 0.3 percent, while the Nasdaq 100 fell 0.3 percent. The Dow extended gains to 2 percent on Monday morning. That comes after UBS…

Mon. 8:43 a.m.: Global stocks sink after Credit Suisse takeover

BEIJING (AP) — Global stock markets sank today after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes. Hong Kong’s main index slid 2.7 percent. London, Frankfurt and Paris opened down more than 1 percent. Shanghai, Tokyo and Sydney also declined. Wall Street futures were off 1 percent. Oil prices plunged more t…

Global stocks sink after Credit Suisse takeover, amid fears of banking crisis

Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis.

Global stocks sink after Credit Suisse takeover

Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a U.S. Federal Reserve meeting to decide on more possible interest rate hikes.

Global stocks sink after Credit Suisse takeover

BEIJING (AP) — Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes. Hong Kong's main index slid 2.7%. London, Frankfurt and Paris opened down more than 1%. Shanghai, Tokyo and Sydney also declined. Wall Street futures were off 1%. Oil prices plunged more than $2 per barrel. …

Credit Suisse-UBS deal and global stock market news

Credit Suisse has succumbed to the emerging global banking crisis. That eliminates one major question facing the world's economies, but there are many others still unresolved. Follow here for live updates.