See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Wall Street bank stocks plunge after Credit Suisse chaos rattles US market

Posted on AllSides March 15th, 2023
From The Right
Justin Sullivan/Getty Images

The nation’s largest banks got walloped Wednesday — showing they weren’t immune to the crisis that has hammered regional lenders — after Credit Suisse reignited fears of a contagion in global banking.

Shares of JPMorgan Chase and Citigroup slid more than 4%, while Wells Fargo and Goldman Sachs fell more than 3% and Bank of America sank 0.9%.

US banks got slammed as Zurich-based Credit Suisse plunged 24% after its biggest shareholder, Saudi National Bank, said it wouldn’t pour more money into the troubled institution.

Market experts are increasingly fearful...

Read full story

AllSides Picks

https://nypost.com/2023/03/15/regional-bank-stocks-plunge-as-credit-suisse-moodys-downgrade-rattle-us-market/

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right