Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns
- Silicon Valley Bank’s parent company files for bankruptcy
- Credit Suisse hit by legal action from US investors
Credit Suisse shares came under renewed pressure on Friday, despite fresh attempts by central banks and politicians to calm fears about a crisis in the global banking industry sparked by the collapse of two US banks this week.
Shares in Credit Suisse, Switzerland’s second largest bank, fell 8% on Friday despite securing a £45bn emergency loan from the Swiss National Bank just days earlier to shore up its liquidity after a week of panic.