The selling pressure on the stock market triggered by Silicon Valley Bank (SVB) was finally relieved on Tuesday, as the US authorities entered the aftermath mode, but Credit Suisse (Credit Suisse) on the other side of the Atlantic on Wednesday (15th) made another major negative news, and the stock price collapsed in response, which also dragged down the market. European and American stock markets plummeted.
Credit Suisse’s largest shareholder, the Arab National Bank (SNB), has ruled out any further financial aid to the struggling Swiss lender, citing regulatory concerns. Credit Suisse’s share price plummeted on the 15th, hitting a new low.
European stock markets were also dragged down. The British, German and French stock markets fell more than 2% before noon. The bank stock index fell by 5% at one point. The US stock futures also fell to the ground. expand. The U.S. dollar reversed course higher, with the DXY U.S. dollar index rising as much as 0.5 percent at one point.
further reading
The storm of bank stocks spreads, and Taiwan’s index futures plunged more than 200 points in the night market
The aftermath of SVB has not been settled, Credit Suisse’s largest shareholder no longer injects capital and the stock price hits a new low
Even the former CEO of SVB was dumbfounded by the collapse of SVB!Cox: A wrong move is a big mistake
Make up for it!Fed mulls tightening rules for midsize banks after two bank failures
The two “big short sellers” deities disagreed. He warned that the problem of SVB exposure has only just begun
Finishing package/The selling pressure of Bank of America stocks slowed down, and Washington entered the aftermath mode of Silicon Valley Bank
