According to the Financial Times, Credit Suisse has sought public support from the country’s national bank after falling as much as 30 percent on Wednesday. With this request, the institution is trying to calm the waters after the tsunami that occurred on Wednesday. According to the same newspaper, Credit Suisse would send a similar request to the country’s regulator, Finma, to the central bank.
The shares of the bank, which is one of the largest banks in Switzerland, are the main shareholder. Saudi National Bank, ignored your status. All this caused an earthquake in the stock markets. bulk sale of bank shares. After being forced to close last week, distrust has dominated the industry. Silicon Valley Bank (TYD), the 16th largest bank in the United States.
In an interview with Bloomberg TV, the head of the Saudi bank, which owns 9.9 percent of Credit Suisse’s capital, said: Ammar Al-KhudariWhen asked if his group would inject more capital into the Swiss bank, he was very frank: “The answer is absolutely no, for many reasons other than the simplest, regulatory and legal.”
From there, panic began in the markets, where investors attacked the banks. In Spanish Ibex, which experienced a decrease of more than 4% in the session, some bank titles decreased by more than 11% during the day.