Credit Suisse shares continue to fall despite efforts to calm nerves
by Rupert Neate Wealth correspondent from on (#69XNM)
Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns
- Silicon Valley Bank's parent company files for bankruptcy
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Credit Suisse shares came under renewed pressure on Friday, despite fresh attempts by central banks and politicians to calm fears about a crisis in the global banking industry sparked by the collapse of two US banks this week.
Shares in Credit Suisse, Switzerland's second largest bank, fell 8% on Friday despite securing a 45bn emergency loan from the Swiss National Bank just days earlier to shore up its liquidity after a week of panic.
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