Credit Suisse, the crisis and the stock market crash: what happened

Credit Suisse crash

The Swiss bank lost 24.2 percent on the Zurich Stock Exchange, triggering a firestorm of selling on the entire banking sector in Europe: after the Silicon Valley Bank crash, market fear is growing. In a note, the bank announced “its intention to exercise its option to borrow up to 50 billion Swiss francs,” about $54 billion, “from the Swiss central bank.”

Cryptocurrency trend, why it is declining


The cryptocurrency market is currently experiencing extreme volatility. The decline in trading activity and price of cryptocurrencies can be attributed to the drying up of liquidity as a result of rate hikes by central banks.