
“Dives” took place today on Wednesday in the world stock marketsas investors’ fears about its progress banking industry revived and spread throughout the world.
It seems to play a central role Credit Suissethe error-prone Swiss bank that struggled for years to change its fortunes, with clients steadily transferring their assets to rival banks.
In particular, Credit Suisse posted the most impressive drop (about 30%), setting another record low.
On Wednesday, the bank’s largest shareholder, the National Bank of Saudi Arabia, ruled out providing additional money to Credit Suisse as it does not want its stake to exceed 10%.
Anxiety reigns in the markets it was felt in Athenswith DG down more than 3% and banks down 8%, dragging non-bank blue chips in with them.
Credit Suisse announced that it was forced to draw on liquidity reserves to cover the capital that had left it.
Since last year, the Swiss bank has been trying to restore the confidence of its customers, investors and regulators, damaged after a series of mistakes.
According to the New York Times, Bloomberg.
Source: Kathimerini

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.