The European Stock Exchanges close sharply in the wake of Wall Street

The European Stock Exchanges closed sharply down, in line with the negative performance of Wall Street.

Investors fear the risk of contagion for the banking system after the events of

.

Government bond yields also fell sharply.

. 

Why Credit Suisse is in trouble

First Republic sinks on Wall Street.

At the start of trading, it lost 20%, continuing the decline triggered by the failure of Silicon Valley Bank.

First Republic declines despite aid for 30 billion dollars granted by the 11 largest American banks in an attempt to defuse panic on the market.

Wall Street gets worse.

The Dow Jones lost 1.18% to 31,866.31 points, the Nasdaq dropped 0.64% to 11,643.68 points while the S&P 500 lost 1.06% to 3,918.63 points.

ANSA agency

The ECB raises rates by 0.5% - Economy

Lagarde, 'European banks solid, but ready to intervene' (ANSA)