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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Credit Suisse: what is happening at Swiss bank and should we be worried?

Credit Suisse Suisse SVB Finma
A screen displays information about Credit Suisse bank on the floor of the New York Stock Exchange in New York, New York, USA, on 15 March 2023
Credit Suisse shares hit an all-time low on 15 March after its main backer, Saudi National Bank, ruled out fresh funding. Photograph: Justin Lane/EPA

Panic has gripped global banking stocks for the second time in a week: the wave of fear prompted by the collapse of California’s Silicon Valley Bank (SVB) has been followed by fresh jitters over the stability of major European bank Credit Suisse.

What’s happening at Credit Suisse?

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