
First Republic Bank shares slide in volatile trading session
The bank received a $30 billion rescue package from 11 of the biggest U.S. banks last week in an effort to prevent its collapse
The bank received a $30 billion rescue package from 11 of the biggest U.S. banks last week in an effort to prevent its collapse
Fears remain that other banks have misjudged the risk to their finances from rising interest rates, as Silicon Valley did
Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse failed to reassure investors and the bank’s customers
After sticking to its half-a-point interest rate hike, the ECB has left further rises up in the air in case the banking turmoil persists or deepens. This is exactly the message that the markets needed
Credit Suisse said Thursday that it would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the Swiss National Bank
Credit Suisse has been fighting troubles for years, including losses it took from the 2021 collapse of investment firm Archegos Capital
The turmoil prompted an automatic pause in trading of Credit Suisse’s shares on the Swiss market and sent shares of other European banks plunging