Bank fears spread to Europe, drag down shares of big lenders
Grey clouds cover the sky over a building of the Credit Suisse bank in Zurich, Switzerland, on Feb. 21, 2022. Battered shares of Credit Suisse lost more than one-quarter of their value Wednesday March 15, 2023, hitting a record low after its biggest shareholder — the Saudi National Bank — told outlets that it would not inject more money into the ailing Swiss bank. (Ennio Leanza/Keystone via AP, File)
By JAMEY KEATEN and DAVID McHUGH
Associated Press
GENEVA — Fears about the world banking system spread to Europe on Wednesday as shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders in the wake of bank failures in the United States....
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