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Swiss bank Credit Suisse shares plummet to record low amid banking concerns

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After two American financial institutions, Silicon Valley Bank and Signature Bank, collapsed just days ago, there are concerns about Credit Suisse.

It rapidly lost a quarter of its value, making investors increasingly nervous about the state of the banking sector.

Anne Gaviola explains why shares for the Swiss bank have sunk, its history of problems, and how these developments are drawing parallels to the financial crisis that began in late 2007.

For more info, please go to https://globalnews.ca/news/9554392/swiss-national-bank-credit-suisse-liquidity/
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Category
U.S. & Canada
Tags
global news, Credit Suisse, stock market
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