Affected by the banking crisis in the USA Credit Suisse, in its shares 30 percentdecreased by around .
Silicon Valley Bank‘of (SVB) Shares of Credit Suisse suffered heavy losses as the effects of its bankruptcy continued. 5 years CDSs 574 basis pointsThe concerns of the bank, which rose to a record level with
Sales Pressure Affected Other Banks
suffered serious losses in recent years. Credite SuisseCEO of Ulrich Koerner, October 2022In , he said that the bank was in a very critical period and laid off 9 thousand people.
The shares of the struggling Swiss bank, its largest shareholder, Saudi National Bank It fell after the company announced that it would not provide further financial assistance. While this decline in bank shares caused heavy losses, the selling pressure was reflected in the market in general.
Affected by sales pressure BNP Paribas, Societe Generale, CommerzbankAnd Deutsche Bankbanking giants such as 8 to 10 percentdepreciated in range.
in Europe STOXX Europe 600 Banking Index With the increase in sales, it decreased by 6 percent to 144.74. The losses were not only limited to this, as there were sharp decreases in European indices as well. DAXAnd FTSE 100, down 2.5 percent CAC 40And Euro Stoxx 50The loss reached 3 percent.
one of the largest banks in the USA Lehman Brothers‘of 2008Analyst and investor who knew his downfall in Robert Kiyosakisoon Credit SuisseHe shared a vision about it. Silicon Valley BankCommenting after the collapse of Kiyosaki, the Swiss-based bank that will experience the next collapse Credit SuisseHe had claimed it would.
