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Business

Credit Suisse woes rock Wall Street

Credit Suisse Ammar Al Khudairy Axel Lehmann Zurich United States

Credit Suisse shares plunged on Wednesday after already suffering heavy falls following the collapse of two US banks. (Photo: AFP)

Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.

Major indices were down one percent or more, with the Dow off 1.8% at one point, with US banks following their European counterparts lower as investors fixated on Credit Suisse.

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One subscription that gives you access to news from hundreds of sites

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