Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
After US banks fail, contagion heads to European banks – banks halted on exchange
Another day, another substantial leg lower in Credit Suisse share price as contagion spreads to European banks.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- Credit Suisse share price hits a record low — $1.96, a pre-market low of over 20%.
- The problem for Credit Suisse is that it cannot cover deposit flights and borrow money in the markets.
- According to Bloomberg: This comes after Credit Suisse top shareholder rules out providing more financial assistance to the struggling bank.
- In addition, Credit Suisse identified “material weaknesses” in its reporting and controls procedure.
- Customer outflows for the fourth quarter amounted to over 110 billion Swiss Francs.
- Trading halted for French banking group BNP Paribas after the stock plunged 8%
- FTSE 100 is down over 2%
Market Cap $1.63T
24H Volume $43.76B
