The Credit Suisse bank collapses on the Swiss Stock Exchange up to 20% and tension grows in the financial sector after the collapse of Silicon Valley Bank.
In this way, the European bank collapses again on the stock market, this time motivated by the doubts generated by the situation of the Swiss bank Credit Suisse, after its largest shareholder, the Saudi National Bank, has ruled out increasing its participation in the entity.
In an interview on Bloomberg, the president of the Saudi state bank, Ammar al Khudairy, has announced that he will not give the Swiss entity any more financial assistance to deal with its battered accounts.
Credit Suisse plummeted more than 21% on the stock market and dragged down the entire European financial sector, which in recent sessions had already suffered from the bankruptcy of the US bank Silicon Valley Bank.
Of the main European banks, Société Générale fell 9.83%;
BNP Paribas, 8.74%;
and ING (Netherlands), 8.24%.
The Germans Commerzbank and Deutsche Bank, fell 7.96%, and 6.92%;
while in the United Kingdom, Barclays lost 6.44%, and HSBC, 3.95%.
The Italian Unicredit also lost 6.87%;
and Intesa Sanpaolo, 5.94%.
In Spain, BBVA and Santander fell 7.22% and 6.76.
News in development
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