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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 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.
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