Credit Suisse Ignites Global Market Rout as Banking Fears Return

Credit Suisse Ignites Global Market Rout as Banking Fears Return

Credit Suisse shares plummeted 30 to a record low after Saudi National Bank ruled out further funding for the Swiss lender. Saudi Arabia's biggest bank, which invested $1.5 billion in Credit Suisse last fall, cited regulatory reasons for not increasing its stake. Credit Suisse experienced a series of missteps and compliance failures, leading to customer withdrawals and a net loss of nearly 7.3 billion Swiss francs ($7.9 billion) in 2021.


User: Bullish Studio

Views: 1

Uploaded: 2023-03-27

Duration: 01:40

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