Credit Suisse adds to fears of new GFC; rate hikes may be paused

Credit Suisse sparks financial uncertainty in Australia 10 News First – Disclaimer

European markets have turned sour with concerns now directed at Credit Suisse whose shares plunged 24 per cent to a record low.

The Swiss National Bank said it would provide a backstop to Credit Suisse, whose shares plunged after it announced it had found “weakness” with its financial reporting.