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Credit Suisse shares plunge as concerns over bank widen

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World Business Report: First broadcast 15/03/2023 15:32 GMT : Credit Suisse shares plunge as concerns over bank widen

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First broadcast 15/03/2023 15:32 GMT 

First broadcast 15/03/2023 15:32 GMT : Credit Suisse shares plunge as concerns over bank widen

BBC World Service - World Business Report, Credit Suisse shares plunge as concerns over bank widen

Credit Suisse share price sank up to 30%. Will it follow in the footsteps of SVB?

The share price of Credit Suisse took another nosedive in the markets, hitting its all-time low for the second consecutive day by tanking up to 30% as Saudi National Bank, the Swiss bank's largest backer, ruled out the possibility of further financial help.

Share indexes across the world including the UK's FTSE-100, the US's Dow Jones and Nasdaq have been all down as Credit Suisse put more pressure on an already-anxious market.

Is Credit Suisse at risk of following Silicon Valley Bank and Signature Bank's footsteps? What impact would that have globally if it happened?

In the Middle East, Lebanese banks are on indefinite strike now. Nasser Saidi, the nation’s former finance minister, will paint us a picture of what’s going on there in today's programme.

(Picture: BBC)

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First broadcast 15/03/2023 15:32 GMT : Credit Suisse shares plunge as concerns over bank widen

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