#uknewstoday

[thepostman24]

The Bank of England has reached out to Swiss authorities and Credit Suisse as the banking giant's shares plunged 24% to a record low after discovering "weakness" in its financial reporting. Investors are concerned about the state of Credit Suisse after being spooked by US bank failures, and Swiss regulators have said they are ready to step in if necessary. Strict rules apply to Swiss financial institutions to ensure their stability, and the regulators said Credit Suisse meets the requirements for banks considered systemically important. Major indexes fell sharply on Wednesday, with banking shares around the world under pressure.

[treacletiger]

Well, this is sure to be a thrilling fucking read. #uknewstoday (at London, United Kingdom) https://www.instagram.com/p/CCPEPv_jMR4/?igshid=12km09yia7pk3