US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis
US stocks recovered some losses to end mixed on Wednesday after Europe added to banking crisis fears that have been ripping through the market. hitting a new all-time low in intraday trading. Investors were rattled by news that the bank's biggest backer, Saudi National Bank, would not provide additional capital.
But the Swiss National Bank later said it will provide Credit Suisse with liquidity, if necessary, adding that it"meets the capital and liquidity requirements imposed on systemically important banks." Treasury yields continued to fall as investors dialed back expectations of Fed rate hikes. The yield on the 2-year Treasury sank 30 basis-points to 3.925%, extending its fall after notching a three-day record decline on Monday.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow Futures Drop 600 Points, Credit Suisse Stock Price Down 25%The Dow dropped more than 500 points as banking fears increased and Credit Suisse shares tumbled. Treasury yields fell sharply.
Read more »
CS Stock Price | Credit Suisse Group AG ADR Stock Quote (U.S.: NYSE) | MarketWatchCS | A complete CS overview by MarketWatch. View the latest market news and prices, and trading information.
Read more »
Credit Suisse Stock Price Drops 17% to New Low as Jitters MountCredit Suisse shares (CSGN) fell as much as 17% early Wednesday and hit a fresh all-time low, reflecting increasing concerns about the bank's struggles to stabilize its operations. Prices on Credit Suisse bail-in bonds, which get wiped out in c
Read more »
Credit Suisse leads Europe bank stock rout after short-lived SVB respiteEurope's bank stocks came under pressure again on Wednesday, with Credit Suisse tumbling to a new low, as investors continued to worry about stresses within the sector following Silicon Valley Bank's collapse.
Read more »
Credit Suisse Stock Plunges To Record Low As Bank Concerns GrowTrading in Credit Suisse shares was halted as they fell by as much as 21% in Zurich on Wednesday.
Read more »
STOCK MARKET NEWS: US stocks tumble, Credit Suisse shares fall sharplyWall Street falls sharply, Credit Suisse weighs on European banks. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »