Credit Suisse shares fall to new record low after collapse of SVB and Signature Bank
16 Articles
16 Articles
Credit Suisse Default Swaps Hit Record as SVB Failure Hits Banks
The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank sparked concern about broader contagion in the banking industry.
Credit Suisse Shares Tumble to a New Record Low After Collapse of SVB and Signature Bank
Credit Suisse shares tumbled to a new record low on Monday after Silicon Valley Bank and Signature Bank collapsed. The Swiss bank fell as much as 15% after taking losses for five straight quarters. Market Watch reported: Credit Suisse shares on Monday reached a new record low, falling as much as 15% as investors continued to hammer away at the stock of the Swiss banking giant after the collapse of banks in the U.S. While SVB Financial and Signa…
Credit Suisse Shares Hit New Low
ZURICH—Credit Suisse shares hit a new record low in morning trading on Switzerland’s stock exchange. Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while U.S. large banks failed to hold onto a brief premarket rally after authorities moved to stem the contagion. The bank’s shares tumbled over 12 percent and were trading at 2.20 Swiss francs ($2.41) per share, do…
Credit Suisse shares fall to new record low after collapse of SVB and Signature Bank
Credit Suisse shares on Monday reached a new record low, falling as much as 9% as investors continued to hammer away at the stock of the Swiss banking giant after the collapse of banks in the U.S.
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