It’s a bloodbath in the Banking sector. After US’ Silicon Valley bank and Signature bank, the second biggest bank in Switzerland, Credit Suisse is on the verge of a collapse. The Bank’s 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 what’s happening with credit suisse? How did one of the most important banks globally come to this point? and What’s next? We will try and understand in today’s video.
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