Shares of Credit Suisse crashed more than 20% to a record low after its biggest shareholder appeared to rule out providing any more funding for the embattled Swiss lender.
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News: What you need to know about the markets | | | | Credit Suisse shares crash as Saudi investor rules out more funds | Shares of Credit Suisse crashed more than 20% to a record low after its biggest shareholder appeared to rule out providing any more funding for the embattled Swiss lender. Read more » | | First Republic Bank stock tumbles on credit downgrade and deposit worries | First Republic Bank's credit rating was downgraded on Wednesday by both Fitch Ratings and S&P Global Ratings on concerns that depositors could pull their cash despite the federal intervention. Read more » | | Unlike the US, Europe kept its banks on a tight rein post-2008. That was smart | Shares in European banks slumped Wednesday as speculation about the health of Credit Suisse reignited the market turmoil sparked by the collapse of Silicon Valley Bank. Read more » | | Why banking fears just came roaring back | Just as the panic over the US banking system appeared to fade, a fresh burst of anxiety blew in from Europe on Wednesday. Read more » | | Why no one wants to call this a 'bailout' | "Bailout" became a curse word in American politics following the 2008 global financial crisis, fueling backlash among people who felt the risks and potential consequences of capitalism didn't apply to big corporations or the wealthy. Read more » | | Dow falls 500 points as banking fears spread | The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets. Read more » | | | | | | | |
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| -280.83 | | +5.90 | | -27.36 | 31,874.57 | | 11,434.05 | | 3,891.93 | -0.87% | | +0.05% | | -0.70% | YTD -3.84% | | YTD +9.24% | | YTD +1.37% | | | |
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Biggest Winners | Charles Schwab Corp | +5.06% | | Comerica Inc | +3.06% | | Boston Properties Inc | +2.81% | | VF Corp | +2.80% | | Biggest Losers | First Republic Bank | -21.37% | | Halliburton Co | -9.01% | | Marathon Oil Corp | -8.48% | | Devon Energy Corp | -8.33% | | | | | |
Hottest ETF | | | NYSE Market Volume | | | | | | |
Key Market Stats | Latest | Today's Change | | Oil | $68.24 | -3.09 / -4.33% | | Gold | $1,922.90 | +12.00 / +0.63% | | 10-yr | 3.49% | -0.15 | | Euro | $1.06 | -0.01 / -1.39% | | |
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