stock plunged 24% in an interview with one of its top shareholders, saying they won’t increase their stake at the bank due to regulation. At the time of writing, the USD/CHF is trading at 0.9287, up by 1.61% or 145 pips.The market sentiment remains sour, as portrayed by Wall Street, extending its losses.
Therefore, safe-haven flows bolstered the US Dollar , with the US Dollar index advancing 1.13%, at 104.836. However, US Treasury bond yields have been punished by investors, with US 2s and 10s extending their losses, each down by 37 basis points and 24 bps, respectively, at 3.889% and 3.453%. Aside from this, the latest news crossing wires said that the Swiss Regulator FINMA would likely make a statement on Credit Suisse soon.
As of typing, the Swiss National Bank and the Swiss Financial Market Supervisory Authority issued a statement. It says: “Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks. If necessary, the
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »