Credit Suisse shares tumble to new record low as European banking sector reels

Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking sector days after two lenders collapsed in the U.S.

Credit Suisse shares CH:CSGN CS fell as much as 23%, breaking below the 2 franc level and extending the declines that seen its shares drop 75% over the last 52 weeks.

The…

Source: https://www.marketwatch.com/story/credit-suisse-shares-tumble-to-new-record-low-94e15e2?siteid=yhoof2&yptr=yahoo