Bank shares were falling on Wednesday after starting to recover on Tuesday from the turmoil surrounding the collapse of Silicon Valley Bank, spurred by issues at Switzerland’s second-largest lender.
Credit Suisse
(ticker: CSGN.Switzerland) shares plunged more than 20% to a record low after its top shareholder, Saudi National Bank, said it won’t inject any more money. Credit Suisse has suffered from a string of problems over the past few years, but the latest setback has raised concerns that the banking sector may be facing more trouble ahead.
Source: https://www.barrons.com/articles/european-bank-credit-suisse-jpmorgan-wells-fargo-stock-price-8811102d?siteid=yhoof2&yptr=yahoo