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

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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…