SVB collapse: Shares of Credit Suisse hit new all time low in morning trading

By Washington Examiner
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Credit Suisse Settlement
FILE – A pigeon rests near a building hosting offices of Credit Suisse bank in Milan, Tuesday, Oct. 27, 2009. Credit Suisse said Monday, Oct. 17, 2022, that it has agreed to pay $495 million as part of a settlement with the New Jersey Attorney General related to its residential mortgage-backed securities business. (AP Photo/Antonio Calanni, File) Antonio Calanni/AP

SVB collapse: Shares of Credit Suisse hit new all time low in morning trading

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Shares of Credit Suisse fell by 5% Tuesday morning, hitting an all-time low in the aftermath of the failure of Silicon Valley Bank.

The Swiss lender announced it had “material weakness” in its financial reporting for 2021 and 2022, leading to shares falling in morning trading.

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