The German stock market suffered the next slide on Wednesday. The previous day’s rebound from the losses at the start of the week proved unsustainable. In view of renewed concerns about the banking sector, the Dax closed 3.27 percent lower at 14,735.26 points and thus fell below the round mark of 15,000 points.
The MDax for medium-sized stocks fell by 3.56 percent to 26,790.72 points. Other major stock indices in Europe and Wall Street also fell significantly.
After the collapse of three US banks and fears that this would spread to the entire sector, the ailing Credit Suisse came into focus again in the middle of the week. In an interview with Bloomberg TV, the chairman of the Saudi National Bank, Ammar Abdul Wahed Al Khudairy, categorically ruled out additional support on request. The bank is a major shareholder in Credit Suisse, whose shares in Zurich have at times fallen to record lows. (dpa)