News World

Credit Suisse sees shares plunge 30 percent

Global bank shares sink as contagion fears return
Source: Pixabay

Credit Suisse shares plunged over 30 percent to new record lows Wednesday after its main shareholder said it would not provide more financial assistance to the embattled Swiss banking giant.

At 1312 GMT, Switzerland’s second-biggest bank saw its share price fall 30.13 percent to just 1.565 Swiss francs a share, reaching a new historic low.

About the author


Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.

Daily Newsletter