Crisis at Credit Suisse: share temporarily falls by 30 percent – ​​economy


Isabel Pfaff and Meike Schreiber, Bern/Frankfurt

Hopes for a quick recovery on the stock markets after the collapse of the Silicon Valley Bank (SVB) were premature: on Wednesday, the uncertainty on the financial markets and fears of a banking crisis spread to the major Swiss bank Credit Suisse, whose share price rose in the course of Wednesday morning fell below two francs for the first time. The value of the share fell by more than 30 percent by the early afternoon and most recently cost less than CHF 1.60 – a veritable crash.

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