Credit Suisse share dump affected by US bank ‘contagion’ #Credit #Suisse #share #dump #affected #bank #contagion #englishheadline


Englishheadline Business Editor Ross Greenwood says a “contagion” from Silicon Valley Bank’s fall has contributed to Credit Suisse bank’s share price drop.

The share price of Credit Suisse dropped by 24.24 per cent overnight and 76 per cent over the past year.

“It also then had a big impact on the US markets overnight with the Dow Jones index well down and this is a reason why the Australian stock market is also expected to fall,” Mr Greenwood told Englishheadline Australia.

English Headline

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