Credit Suisse tanked after its largest investor said it couldn’t provide more financial assistance. Banks in the U.S. and Europe were slammed on the news.
Markets shaken as another bank dives chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Credit Suisse tanked after its largest investor said it couldn’t provide more financial assistance. Banks in the U.S. and Europe were slammed on the news.
Domestic banks ready to counter global turmoil chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
With troubled Swiss bank Credit Suisse casting a shadow over the global banking system, China's system is better placed to avoid any turmoil given its relative independence and a stable interest rate environment, experts said on Thursday.