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London stocks drop as Credit Suisse crisis reignites bank selloff

  • 📰 Reuters
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  • Publisher: 97%

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London stocks extended declines as Swiss lender Credit Suisse's drop to a record low in the aftermath of Silicon Valley Bank's collapse sparked a wide sell-off in banking shares.

was down 2.7%, hitting its lowest level so far this year with almost all FTSE 350 sectors trading in the red.

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What is the nature of the 'Credit Suisse crisis'?

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