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

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.”

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: globeandmail - 🏆 5. / 92 Read more »

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.
Source: TheTorontoSun - 🏆 23. / 68 Read more »

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.
Source: ottawasuncom - 🏆 4. / 92 Read more »