Credit Suisse ignites global market rout as banking fears return - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

All it took was a few tough words from Credit Suisse Group AG’s biggest shareholder on Wednesday to spark a selloff that spread like wildfire across global markets.

Asked whether Saudi National Bank was open to further cash injections, Chairman Ammar Al Khudairy said “absolutely not.” It was a reminder about the precarious situation facing the Swiss bank just one day after its CEO, Ulrich Koerner, had sought to shore up investor confidence by pointing to signs of improvement in its business.

“Markets are very sensitive to the negative news flow after the surprise of seeing a U.S. bank disappear from one day to the other,” said Francois Lavier, head of financial debt strategies at Lazard Freres Gestion. “In a context where market sentiment is already weakened, not much is needed to weaken it even further.”

“There’s panic and traders scrambling for safety,” said Oliver Scharping, a portfolio manager at Bantleon. “Markets see a Credit Suisse collapse almost there, yet financials still look healthy.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Video: European bank stocks fall as Credit Suisse tumblesEurope's bank stocks came under pressure again on Wednesday (March 15), with Credit Suisse tumbling to a new low, as investors continued to worry about stresses within the sector following Silicon Valley Bank's collapse.
Källa: globeandmail - 🏆 5. / 92 Läs mer »

Credit Suisse unease sparks selloff in world stocksRenewed unease gripped world markets on Wednesday as news that Credit Suisse\u0027s largest investor said it could not provide the bank with more financial assistance.
Källa: TheTorontoSun - 🏆 23. / 68 Läs mer »

Credit Suisse unease sparks selloff in world stocksRenewed unease gripped world markets on Wednesday as news that Credit Suisse\u0027s largest investor said it could not provide the bank with more financial assistance.
Källa: ottawasuncom - 🏆 4. / 92 Läs mer »