Topix Banks Index News Today : Breaking News, Live Updates & Top Stories | Vimarsana

after major concerns over the bank s finances. its shares fell by almost a third on wednesday at one point, forcing the swiss central bank to take action. it issued a statement saying credit suisse can borrow up to $54 billion us to boost its bottom line. today the shares have rebounded and are currently up just over 20%. the selling has continued in asia today, with japan s topix banks index falling more than 4%, after recording its worst day in three years earlier this week. we re nowjoined by craig erlam, who s senior market analyst at oanda. for the story to come out was unfortunate timing. it has the backing of the central bank. covering short positions? it keeps investors that they are holding onto something that is not going to become more innocuous. we will see more volatility over the coming days and now investors are going to be looking at more financial institutions to see if there are material weaknesses there as well. i don t think this is over at this point, i t

Credit suisseCentral bankSell tiktokSecurity concernsTech giant4 billion54 billionRoller coaster rideWorld business reportBen thompsonAsia todayBottom lineTopix banks index4 billion usCraig erlamMarket analyst