17 Mar 2023

Credit Suisse shares tumble – sending US and Europe markets into red

Washington Correspondent

Share prices have tumbled again in the troubled Credit Suisse bank – sending markets across Europe and the United States into the red.

US stocks tumbled despite efforts by Wall Street to shore up another vulnerable domestic lender – First Republic – with a cash injection of almost £25 billion.

It shows there is little confidence that the banking sector crisis is anywhere near over.