Credit Suisse: Fall in the stock, bailout and jump in less than 24 hours (Photo: Yechat)
The rescue was successful: the shares of the Swiss bank Credit Suisse, which yesterday fell by 24% on the Swiss stock exchange and recorded a more moderate decline of 14% on Wall Street, jumped this morning with the opening of trading on the European stock exchanges by 31%, after the announcement by the Swiss Central Bank that it would provide the bank with assistance in the amount of almost 54 billion dollars.
After that, the increases moderated a bit and now the bank's share is trading at a rate almost 20% higher than its value at the opening of trading.
Even in the pre-trade phase in New York, the stock registered an increase of several percent.
In general, it seems that the decision of the Swiss Central Bank and perhaps even the decisions of the Federal Reserve Bank of the USA (which bailed out SVB Bank) have a cumulative effect: the shares of the banks in Europe are registering adequate increases in most of the stock exchanges of the continent. It should be remembered that today the interest rate decision of the European Central Bank will be published which will
project It is also about the capital markets in Europe.
Shares of Credit Suisse fell after it was late to file its 2022 financial statements, which led to the announcement by the National Bank of Saudi Arabia that it was withdrawing its investment from the bank.
About the collapse of the Credit Suisse share and the rescue
- https://finance.walla.co.il/item/3565940
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