circuit breaker
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Credit Suisse’s downward spiral continues as largest shareholder refuses further assistance
On March 15th, it was reported that the decline of Credit Suisse’s European shares widened to 18%, falling below 2 Swiss francs, causing a circuit breaker to suspend trading. Credit Suisse’s US stock market’s pre market decline also widened to 17%. The chairman of Saudi National Bank, its largest shareholder, said he would never provide more assistance to it. Credit Suisse Europe shares fell to 18% due to circuit breaker suspension Analysis based on this information:Credit Suisse, a leading European bank, has been experiencing a continuous decline in its stocks both in Europe and the United States. On March 15th, reports emerged that the bank’s European shares had fallen by 18%, which is below 2 Swiss francs. This caused a circuit breaker to suspend trading, highlighting the severity of the situation. Additionally, the bank’s US stock market’s pre-market decline also increased to 17%. These occurrences demonstrate that Credit Suisse is facing significant challenges, and they have been unable to recover…
