India 360: US Stocks Fall Sharply As Banks Fuel Worries, Credit Suisse Tumbles To Record Low | Anil Singhvi
Credit Suisse Group AG’s top shareholder has ruled out providing more financial assistance to the bank. After the Credit Suisse Bank crisis, there was a sharp decline in the markets worldwide. Dow Jones fell by about 500 points. Whereas, the S&P 500 fell by about 1.50%. The Nasdaq declined by about 115 points. Brent slipped below $75 for the first time since December 2021. Credit Suisse's stock fell 28%. As such, the stock of First Republic Bank fell by 15%. European markets fell 2-4%. There has also been a huge decline in the currency market. Watch this special report on India 360.
Written By: Zee Business Video Team