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STOCK MARKET NEWS: Bank shares tumble, Credit Suisse shares hit new low, producer inflation data

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Stocks sink as bank contagion fears spook investors, Credit Suisse in crosshairs as shares hit a record low, regional banks see sharp declines and producer prices ease in latest inflation data. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

European shares fell on Wednesday as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low.

The bank index is set to lose more than 120 billion euros in market value since the close of March 8.Spain and Italy's lender-heavy indexes fell almost 4% each. There was also a cooling of optimism that the U.S. Federal Reserve will tone down its rate-hiking spree next week in the aftermath of Silicon Valley Bank's collapse.

 

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Kevin Hassett reveals 'there were buyers who were willing tobuy [SVB, but] the radicals at the FDICgov weren’t going to allow that to happen the Biden Admin had a whitelist of companies that were allowed to buy the failed bank & companies that weren’t.'

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I believe Credit Suisse backed resecuritization of GoodLeap ESG loans…see a pattern forming? Solar scams enabled by GoodLeap, backed by big banks.

When the market opens at 9:30 ITS NOT A MARKET SELL OFF ITS THE MARKET SOLD OFF, it’s not a daily market sell off or rally, it’s the daily trend of the market

Credit Suisse has been in trouble for almost a year. Get over it.

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Stock Market Today: Dow Futures Drop 600 Points, Credit Suisse Stock Price Down 25%The Dow dropped more than 500 points as banking fears increased and Credit Suisse shares tumbled. Treasury yields fell sharply. Probably good for inflation. “Edna! Get my broker on the line! We’re putting everything in Gold! We’re circling the drain! And bring the Maker’s Mark with you!”
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STOCK MARKET NEWS: US stocks tumble, Credit Suisse shares fall sharplyWall Street falls sharply, Credit Suisse weighs on European banks. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »