Shares in troubled Swiss banking giant Credit Suisse have plunged to a
record low as investors remain on edge after the collapse of Silicon
Valley Bank.

Credit Suisse's shares sank by 30% at one point, extending declines from
Tuesday, when it disclosed "material weakness" in its accounting controls.

Investors are worried about how the bank, beset by problems, will handle
the fallout from US bank failures.

The worries spread across share markets with all major indexes falling
sharply.

https://www.bbc.co.uk/news/business-64964881

"The problems in Credit Suisse once more raise the question whether this
is the beginning of a global crisis or just another 'idiosyncratic' case,"
wrote Andrew Kenningham of Capital Economics.

Prime ministers in Spain and France spoke out in an attempt to reassure
investors, as the Stoxx Europe banking share index tumbled 7%.

Major indexes across Europe also dropped. London's FTSE 100 closed down
nearly 3.9%, France's CAC 40 fell roughly 3.5% and Germany's DAX dropped
more than 3%. In Spain, the IBEX 35 ended more than 4% lower.

The three major exchanges in the US also fell, as shares in banks big and
small were hit.

Problems in the banking sector began in the US last week with the collapse
of SVB, the country's 16th-largest bank.

The bank - which specialised in lending to technology companies - was shut
down by US regulators on Friday in what was the largest failure of a US
bank since 2008. SVB's UK arm was snapped up for £1 by HSBC.

But fears have persisted that other banks could face similar troubles, and
trading in bank shares has been volatile this week.

### - ahem... you were SAYING that NADA'S happening to the banks thang??

haha riiiight... :D

(try opening your eyes & actually looking around occasionally, you might
be surprised)