Banks Tumbles, Rate Hikes Continues, and Bitcoin rallies!
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Last week, the global banking sector was dealt another blow when news broke about Credit Suisse's troubles. Despite Swiss regulators stepping in and UBS sealing a $3.25 billion acquisition deal of Credit Suisse over the weekend, global bank shares continued to plummet on Monday, with the Stoxx Europe 600 Banks Index dropping nearly 3% in the morning. Credit Suisse's shares plunged by 60%, while UBS saw a 7% decrease.
Banks Tumbles, Rate Hikes Continues, and Bitcoin rallies!
Banks Tumbles, Rate Hikes Continues, and…
Banks Tumbles, Rate Hikes Continues, and Bitcoin rallies!
Last week, the global banking sector was dealt another blow when news broke about Credit Suisse's troubles. Despite Swiss regulators stepping in and UBS sealing a $3.25 billion acquisition deal of Credit Suisse over the weekend, global bank shares continued to plummet on Monday, with the Stoxx Europe 600 Banks Index dropping nearly 3% in the morning. Credit Suisse's shares plunged by 60%, while UBS saw a 7% decrease.