European stock markets fall again after the Credit Suisse crisis worsens

by time news

Illustration with the Silicon Valley Bank (SVB) and Credit Suisse logos
JIM THE BAREFOOT / EFE

THE European stock markets are shaking again this Wednesday against the fall in the value of Swiss creditwhich has plunged 20% on the Swiss stock market due to the lack of support from its main shareholder, the Saudi National Bank, which has said it will not provide further financial assistance to deal with its damaged accounts.

As a result of this retreat from Credit Suisse, the European stock markets are chaining together a new day of widespread declines 24 hours after yesterday’s declines. In the case of the Ibex 35, the drop is 4% at mid-morning.

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