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Credit Suisse shares fall to new record low after collapse of SVB and Signature Bank

Summary by Ground News
Credit Suisse shares fell as much as 9% on Monday. The Swiss banking giant has lost money for five straight quarters. Wealthy clients pulled out about $100 billion from Credit Suisse in the fourth quarter. Rival UBS UBS, -2.82% trades at 1.2 times estimated 2023 book value.

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  • 63% of the sources lean Right
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연합뉴스-Yonhap News Agency broke the news in Korea, Republic of on Sunday, March 12, 2023.
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