The Latest Breaking News from Credit Suisse

So goes Silicon Valley, so goes the world.

Bank stocks fall Friday. Biden calls for tougher penalties for bank execs; SVB files for bankruptcy; First Republic suspends dividend after $30 billion rescue deposit

Frankfurt (Germany) (AFP) - The European Central Bank stuck to a planned interest rate increase Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis.

ZURICH: Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

The ECB is 'monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.'

Concerns half-point could set off domino effect across financial industry knocked by Credit Suisse crisis

Swiss bank Credit Suisse said it would borrow up to 50 billion francs from the Swiss central bank to shore up liquidity and boost investor confidence, as the collapse of two banks in the United States last week raises concerns about the health of global banks in the face of…

The Eurozone central bank defies predictions that it would slow the pace of rate rises after Credit Suisse crisis

European markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain…

Shares in Credit Suisse lost more than a quarter of their value at one stage yesterday after the Swiss bank said it had identified “material weakness” in its financial reporting. The institution revealed that it would borrow up to 50 billion Swiss francs (£35 billion) from Switzerland’s central bank to fortify its…

LONDON: European stock markets rebounded slightly on Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank.