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Credit Suisse: What is happening to the Swiss banking giant? – BBC News

Elizabeth Hopkins 1 year ago in Breaking News 26

Shares in Credit Suisse have plunged to a record low, in the wake of last week’s collapse of Silicon Valley Bank in the US.

The Swiss bank – which has been beset by problems – saw its share price fall by as much as 30% at one point.

Credit Suisse insists its financial position is not a concern.

Investors are concerned about the state of the troubled banking giant and have already been spooked by US bank failures.

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