Credit Suisse continues to have major financial problems, causing banking on the EU Stock to fall.
Channel: The Herald Post
Date: 15/03/2023

The Swiss bank 'Credit Suisse' continues to face major financial problems that have generated a sharp fall in the stock market. The entity lost 30% in the stock market this March 15, reaching a new historic low, following the decision of the largest investor, Saudi Arabia, to cut financial assistance due to poor capital management. This situation has also affected other European banks, such as BNP PARIBAS and SOCIETE GENERALE, which were delisted from the stock exchange. All this, added to the situation in the United States with the bankruptcy of Silicon Valley Bank, has generated great concern in the Swiss financial sector, although the Swiss National Bank has promised to do everything possible to prevent its collapse.
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