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Credit Suisse shares fall sharply again and doubts grow about the stability of the bank

2023-03-17T12:07:27.196Z


This occurs despite the mega millionaire aid from the Central Bank of that country. Shares of Credit Suisse bank fell sharply again on Friday at midday 8% despite the massive financial aid from the Swiss central bank announced on Wednesday. The bank, which lost 24% of its stock market value on Wednesday but recovered 19% on Thursday, after announcing that it would receive financial aid from the Swiss National Bank (central), opened today's session in positive but returned to the


Shares of Credit Suisse bank

fell sharply again on Friday

at midday 8% despite the massive financial aid from the Swiss central bank announced on Wednesday.

The bank, which lost 24% of its stock market value on Wednesday but recovered 19% on Thursday, after announcing that it would receive financial aid from the Swiss National Bank (central), opened today's session in positive but returned to the loss in a few minutes.

Investors remain attentive to the price of the bank, one of the 20 largest in Europe, after its main shareholder, the Saudi National Bank, announced that it would no longer invest in it (which influenced the stock market crash two days ago). and the Swiss national bank will help him after that.

The Swiss National Bank promised in the early hours of Wednesday to Thursday to lend 50,000 million francs (50,600 million euros) to Credit Suisse.

The Swiss government held a meeting last day with authorities from the central bank and with the country's securities regulatory commission (Finma) to analyze the complicated situation of the bank, although it did not make public statements on the matter (it could do so today, after its regular meeting weekly).

News in development


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Source: clarin

All news articles on 2023-03-17

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