Credit Suisse shares slide 20% after Saudi backer rules out further assistance

Credit Suisse shares plunge as bank fear widens

Markets in Europe and the US fell sharply as as investors worry about how troubled Swiss banking giant Credit Suisse will handle the fallout from US bank failures.

Credit Suisse Shares Tumble to New Record Low, Saudis Pull Funding, Trading Halts

Credit Suisse shares tumbled by as much as 30% to a new record low on Wednesday after Saudis pulled funding. Trading in the Swiss banking giant’s stock was halted several times on Wednesday. Saudi National Bank, which holds 9.88% of Credit Suisse said it is unable to purchase anymore shares because of regulations. “We cannot because we would go above 10%. It’s a regulatory issue,” Saudi National Bank Chairman Ammar Al Khudairy told Reuters. Cre…

Bank fears spread to Europe as Credit Suisse, other big lenders see shares drop

Fears about the world banking system spread to Europe on Wednesday as shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders in the wake of bank failures in the United States.

Credit Suisse in fight to win back confidence as shares plunge

(Bloomberg) — Credit Suisse Group AG’s fragile recovery is hitting wider market concerns about financial firms, leaving the bank’s leaders with an uphill battle to convince invest…

Credit Suisse shares sink as global fears about banks grow

Battered shares of Credit Suisse lost more than one-quarter of their value Wednesday, hitting a record low.

Credit Suisse shares sink as top shareholder rules out more cash

Credit Suisse shares nosedived Wednesday after its main shareholder said it would not provide more funding, with reassuring comments from its chairman unable to calm the market panic.