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MARKET WRAP: JSE plunges as banking sell-off continues

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Credit Suisse’s woes add to growing fears about the health of financial institutions following the collapse of Silicon Valley Bank

The JSE tracked the global equities slump on Wednesday as the sell-off after the collapse of Silicon Valley Bank regained momentum from fresh turmoil at Credit Suisse.

Mounting troubles at the Swiss lender added to jitters after its biggest shareholder, Saudi National Bank, said it would not inject more money into the bank, which is already battling to recover from a string of scandals that have undermined client and investor confidence. Credit Suisse shares lost as much as 30% of their value on the day, hitting an all-time low...

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ایران آخرین اخبار, ایران سرفصلها

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منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »

Business Maverick: Asian stocks drop, led by banks amid rates turmoil: markets wrapAsian equities extended declines on Tuesday, led by weakness in financial stocks as the collapse of Silicon Valley Bank continued to reverberate across global markets.
منبع: dailymaverick - 🏆 3. / 84 ادامه مطلب »