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Credit Suisse shares hit new all-time low as banks hit by U.S. fallout

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Credit Suisse shares hit a new all-time low in early trading as the European banking sector suffered the fallout from a sharp sell-off in U.S. financial stocks. | Reuters

ZURICH -Credit Suisse shares hit a new all-time low in early trading on Friday as the European banking sector suffered the fallout from a sharp sell-off in U.S. financial stocks.ADVERTISEMENT

Rival UBS was down 4.7 percent as European banking stocks headed for their largest one-day fall in nine months. Europe’s STOXX banking index was down 4.2 percent and set for its biggest one-day slide since early June, with declines for most major names including HSBC down 4.5 percent and Deutsche Bank off 7.9 percent.

 

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