Itโs a bloodbath in the Banking sector. After USโ Silicon Valley bank and Signature bank, the second biggest bank in Switzerland, Credit Suisse is on the verge of a collapse. The Bankโs shares crashed by more than 20% dragging the European Banking index by more than 6%. Despite the efforts of regulators to allay the fears of investors/depositors and avoid a 2008 like situation where the collapse of Lehman Brothers led to global financial meltdown, the contagion fears seem to be spreading fast. So whatโs happening with credit suisse? How did one of the most important banks globally come to this point? and Whatโs next? We will try and understand in todayโs video.
#CreditSuisse #Switzerland #SVB #SiliconValleyBank #US #2008FinancialCrisis #BankCollapse #LehmanBrothers #Europe #US #HWNews
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.