Credit Suisse: why the prospect of bankruptcy makes European banks tremble

” Calm down ! Calm down ! And just look at the reality. The message from the Minister of Economy and Finance Bruno Le Maire, hammered home on Monday March 13 in Brussels after the rout of Silicon Valley Bank, obviously did not pass. In the wake of Crédit Suisse, the second Swiss bank which lost 24.24% on the Zurich Stock Exchange, European banking stocks still experienced a black Wednesday evening: -12.18% for Société Générale, -10.11% for BNP Paribas, -9.33% for Deutsche Bank…