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European banks battered as Credit Suisse drops 20%

Credit Suisse fell below 2 Swiss francs ($2.18) for the first time after Saudi National Bank said it could not go above 10% ownership due to a regulatory issue. Credit Suisse shares were last down by more than 22%. ....

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European banks battered as Credit Suisse drops over 20%

European shares fell on Wednesday as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low. The pan-European STOXX 600 index fell 2.5 per cent by 1118 GMT, languishing at 10-week lows, as was the banks sector index after plunging nearly 6 per cent. ....

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