Credit Suisse Collapse – Bank Failures Spread to Europe

Another bank has collapsed. Credit Suisse Bank is the latest bank failure to hit the markets. The Credit Suisse collapse, which was caused by a bank run and mismanagement, sent bank stocks tumbling on Wednesday. Credit Suisse stock was down over 20% before recovering on news that the Swiss government would bail them out. This Credit Suisse news is the the latest in a round of bank failures. After the Silicon Valley Bank crash and Signature Bank collapse, investors are worried that the banking crisis has now spread worldwide, and would soon bring down stock markets around the world. This, along with other stock market news, caused the US stock market to crash on Wednesday.

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