 |
| Credit Suisse Shares Plunge to Record Low After Main Shareholder Refuses Funding |
On Wednesday, Credit Suisse experienced a sharp drop in its shares, with a closing price of 1.697 Swiss francs, representing a 24.24 percent decline. This came after the bank's main shareholder announced that they would not be providing additional funding, leading to market panic. The drop was particularly concerning given the current market uncertainty surrounding the collapse of two US banks. Earlier in the day, Credit Suisse's shares had plummeted even further, losing over 30 percent and hitting an all-time low of 1.55 francs per share.
