Saturday, May 31, 2025
  • Nasdaq FintechZoom
  • Dow Jones FintechZoom
  • Gold Price FintechZoom
  • Luxury FintechZoom
  • Investment FintechZoom
  • Money FintechZoom
  • Silver Price FintechZoom
[email protected]
 FintechZoom
  • MARKETS
    • Stock Market
      • Penny Stocks
      • Stock Market Guides
      • Breaking Stock Market News
      • Reviews in Stock Market
      • Best Stocks To Buy Now
      • Asian Markets
      • European Markets
      • US Markets
      • Trading
      • Stock Futures
    • Forex Market
    • Bonds & Rates
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
      • Natural Gas Live Prices
      • Gold Live Prices
      • Silver Live Prices
      • Nickel Live Prices
      • Platinum Live Prices
      • Corn Live Prices
      • Wheat Live Prices
    • Exchange Traded Fund (ETF)
    • World Indices
      • DAX PERFORMANCE-INDEX
      • Russel 2000 (RUT)
      • STOXX Europe 600 (SXXP)
      • Euro Stoxx 50
      • CAC 40 Index (FCHI)
      • FTSE 100 Index
      • Nikkei 225 Index
      • HSI – Hang Seng Index
      • NSE Nifty 50 Index
      • NASDAQ Composite Index
      • Dow Jones (INDEXDJX: .DJI)
      • S&P 500 Index
      • ASX – Australian
      • Shanghai Index (SSE)
  • BUSINESS
    • Fintech
    • Technology
      • Cybersecurity
      • Youtube Tools
      • Instagram Tools
      • Social Media
      • Internet
        • Error Pages
        • Is It Down?
        • Download
        • Settings
      • Digital Library
    • Artificial Intelligence
    • Finance
    • Health
    • Real Estate
    • Climate
    • Sports
    • Legal
  • CRYPTO
    • Crypto Guides
      • How To Buy Bitcoin
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
    • Banking
      • Banks Near Me
      • Payments
      • ATM Near me
      • Best Banks
      • Banks Guides
      • Transfer Money Online
      • Mobile Banking
      • Digital Bank
      • Secure Bank Login
  • ECONOMY
    • Investment
    • Taxes
    • Jobs
    • Inflation
  • LIFESTYLE
    • Travel
    • Luxury
      • Luxury Food & Drink
      • Luxury Watches
      • Luxury Cars
      • Luxury Style
      • Luxury Motors
      • Luxury Travel
      • Luxury Tech
    • Fashion & Beauty
    • Entertainment
      • Gaming
      • Movies
      • Streaming Services
      • eBooks
      • Anime & Cartoons
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom
  • OUR SERVICESNEW
No Result
View All Result
  • MARKETS
    • Stock Market
      • Penny Stocks
      • Stock Market Guides
      • Breaking Stock Market News
      • Reviews in Stock Market
      • Best Stocks To Buy Now
      • Asian Markets
      • European Markets
      • US Markets
      • Trading
      • Stock Futures
    • Forex Market
    • Bonds & Rates
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
      • Natural Gas Live Prices
      • Gold Live Prices
      • Silver Live Prices
      • Nickel Live Prices
      • Platinum Live Prices
      • Corn Live Prices
      • Wheat Live Prices
    • Exchange Traded Fund (ETF)
    • World Indices
      • DAX PERFORMANCE-INDEX
      • Russel 2000 (RUT)
      • STOXX Europe 600 (SXXP)
      • Euro Stoxx 50
      • CAC 40 Index (FCHI)
      • FTSE 100 Index
      • Nikkei 225 Index
      • HSI – Hang Seng Index
      • NSE Nifty 50 Index
      • NASDAQ Composite Index
      • Dow Jones (INDEXDJX: .DJI)
      • S&P 500 Index
      • ASX – Australian
      • Shanghai Index (SSE)
  • BUSINESS
    • Fintech
    • Technology
      • Cybersecurity
      • Youtube Tools
      • Instagram Tools
      • Social Media
      • Internet
        • Error Pages
        • Is It Down?
        • Download
        • Settings
      • Digital Library
    • Artificial Intelligence
    • Finance
    • Health
    • Real Estate
    • Climate
    • Sports
    • Legal
  • CRYPTO
    • Crypto Guides
      • How To Buy Bitcoin
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
    • Banking
      • Banks Near Me
      • Payments
      • ATM Near me
      • Best Banks
      • Banks Guides
      • Transfer Money Online
      • Mobile Banking
      • Digital Bank
      • Secure Bank Login
  • ECONOMY
    • Investment
    • Taxes
    • Jobs
    • Inflation
  • LIFESTYLE
    • Travel
    • Luxury
      • Luxury Food & Drink
      • Luxury Watches
      • Luxury Cars
      • Luxury Style
      • Luxury Motors
      • Luxury Travel
      • Luxury Tech
    • Fashion & Beauty
    • Entertainment
      • Gaming
      • Movies
      • Streaming Services
      • eBooks
      • Anime & Cartoons
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom
  • OUR SERVICESNEW
No Result
View All Result
FintechZoom
No Result
View All Result

Credit Suisse shares tumbled by over 39% in past 5 days

Amelia Young by Amelia Young
March 15, 2023
in Banking, Stocks
0

FintechZoom > Banking > Credit Suisse shares tumbled by over 39% in past 5 days

Credit Suisse shares tumbled by over 39% in past 5 days, following reports that a major Saudi Arabian investor, Olayan Group, has no plans to inject more funds into the bank after suffering heavy losses. Olayan, which has been a shareholder in Credit Suisse for three decades, is said to be disappointed by the bank’s handling of the Archegos Capital collapse, which cost Credit Suisse around $5.5bn. The news adds to the bank’s woes after a turbulent few months, which have included the collapse of Greensill Capital and the departure of CEO Tidjane Thiam last year.

Credit Suisse shares fell sharply, shedding nearly 25% of their value, after one of its key backers, the Saudi-based Olayan Group, said it would not invest any more funds in the bank after heavy losses [1]. Olayan, which has been a shareholder in Credit Suisse for over 30 years, expressed disappointment at the bank’s handling of the Greensill and Archegos Capital collapses, which cost Credit Suisse billions of dollars. The news is a major blow to Credit Suisse, which is already facing regulatory investigations and reputational damage. The bank’s CEO, Thomas Gottstein, has vowed to take action to address the issues.

[1] – Credit Suisse sheds nearly 25%, key backer says no more money

FTSE 100 slumps to lowest level this year

London’s FTSE 100 has slumped to its lowest level this year as a sell-off in bank stocks has intensified. The blue-chip index lost 2.6%, falling to an over two-month low, while the mid-cap FTSE 250 index fell 2.8% [2]. The sell-off was triggered by resurging fears over the health of the global economy and concerns about rising inflation. Banking shares were among the worst hit, with Barclays, Lloyds, and HSBC all down by over 4%. The sell-off in bank stocks reflects concerns that a rise in interest rates could hit their profitability.

[2] – FTSE 100 slumps to lowest level this year as bank stock sell-off worsens

ECB likely to stick to big rate hike despite banking turmoil

At the European Central Bank, the consensus among policymakers appears to be toward increasing the rate by a half-percentage point at their upcoming meeting on Thursday. This move is due to the fading banking sector instability, the sustained growth of the euro zone economy, and the expectation that inflation will remain at an undesirably high level for the foreseeable future.

The ECB’s plans for a major rate increase were met with skepticism from investors, following the failure of Silicon Valley Bank (SVB) in the U.S. which resulted in financial tremors worldwide.

RelatedPosts on FintechZoom

Neobanks vs Traditional Banks: Why Millions Are Switching in 2025

Open a Digital Bank Account in Minutes – Here’s How!

Defense Stocks Soar: Is This The Perfect Time to Invest in 2025?

Cost vs. Control: Why White-Label Payment Gateways Are the Smart Choice for Startups

Scaling Payment Infrastructure for Enterprise Growth: What Modern Platforms Must Deliver

Why AML Compliance Is the Next Competitive Frontier in Fintech Infrastructure

Unlocking Global Growth with Local Payment Processing

Secure Payment Solutions for the Modern Consumer

The Silent Crisis: Why Financial Literacy Gaps Are Costing Banks Billions

Interview with Bojoko CEO Joonas Karhu on how the Importance of Payments Has Changed in the UK

This rewording of the text still conveys the same message and meaning while only changing the structure of the words. The markdown formatting remains the same.

Read: Moody’s: Western Alliance, INTRUST , Zions, UMB and First Republic Banks are Next?

However, a person with inside knowledge of the ECB’s Governing Council mentioned that there has not been a significant difference in the outlook. Consequently, not following through with the anticipated fifty basis point rate hike this week could potentially have an impact on the ECB’s trustworthiness.

According to the source, the ECB is expecting a decrease in their projections for the years to come, however, the price growth should still be higher than the central bank’s 2% objective by 2024 and slightly over it in 2025.

Read: The Untold Story of the 2008 Financial Crisis: What Really Happened and Why.

Inflation this year is projected to balloon to between 5% and 6%, which is far beyond the 2% goal; however, wage growth has yet to catch up with the quick inflation, so moderation is necessary to reach the desired rate.

The cost of living could be seen as having decreased, assisting people with regaining some of their ability to buy goods.

[3] – ECB likely to stick to big rate hike despite banking turmoil

Previous Post

How to Get a Loan with Bad Credit: Strategies That Work

Next Post

Navigating Qantas Share Price: An Investor’s Guide

Amelia Young

Amelia Young

She established her career with The New York Times and shifted to The Wall Street Journal in 2017.

Related Posts

A wooden model of a government building represents Neobanks vs Traditional Banks, placed next to a wooden square featuring a bold red checkmark, set against a blue wooden background. | FintechZoom

Neobanks vs Traditional Banks: Why Millions Are Switching in 2025

May 27, 2025
A person in a suit uses a smartphone with virtual digital data screens and graphs floating above, suggesting technology, data analysis, and how easy it is to open a digital bank account for modern business innovation. | FintechZoom

Open a Digital Bank Account in Minutes – Here’s How!

May 14, 2025

Defense Stocks Soar: Is This The Perfect Time to Invest in 2025?

May 8, 2025

Cost vs. Control: Why White-Label Payment Gateways Are the Smart Choice for Startups

May 5, 2025

Scaling Payment Infrastructure for Enterprise Growth: What Modern Platforms Must Deliver

April 29, 2025

Why AML Compliance Is the Next Competitive Frontier in Fintech Infrastructure

April 17, 2025

Unlocking Global Growth with Local Payment Processing

April 1, 2025

Secure Payment Solutions for the Modern Consumer

February 25, 2025

The Silent Crisis: Why Financial Literacy Gaps Are Costing Banks Billions

February 25, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECHZOOM

No Result
View All Result
  • MARKETS
    • Stock Market
      • Penny Stocks
      • Stock Market Guides
      • Breaking Stock Market News
      • Reviews in Stock Market
      • Best Stocks To Buy Now
      • Asian Markets
      • European Markets
      • US Markets
      • Trading
      • Stock Futures
    • Forex Market
    • Bonds & Rates
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
      • Natural Gas Live Prices
      • Gold Live Prices
      • Silver Live Prices
      • Nickel Live Prices
      • Platinum Live Prices
      • Corn Live Prices
      • Wheat Live Prices
    • Exchange Traded Fund (ETF)
    • World Indices
      • DAX PERFORMANCE-INDEX
      • Russel 2000 (RUT)
      • STOXX Europe 600 (SXXP)
      • Euro Stoxx 50
      • CAC 40 Index (FCHI)
      • FTSE 100 Index
      • Nikkei 225 Index
      • HSI – Hang Seng Index
      • NSE Nifty 50 Index
      • NASDAQ Composite Index
      • Dow Jones (INDEXDJX: .DJI)
      • S&P 500 Index
      • ASX – Australian
      • Shanghai Index (SSE)
  • BUSINESS
    • Fintech
    • Technology
      • Cybersecurity
      • Youtube Tools
      • Instagram Tools
      • Social Media
      • Internet
      • Digital Library
    • Artificial Intelligence
    • Finance
    • Health
    • Real Estate
    • Climate
    • Sports
    • Legal
  • CRYPTO
    • Crypto Guides
      • How To Buy Bitcoin
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
    • Banking
      • Banks Near Me
      • Payments
      • ATM Near me
      • Best Banks
      • Banks Guides
      • Transfer Money Online
      • Mobile Banking
      • Digital Bank
      • Secure Bank Login
  • ECONOMY
    • Investment
    • Taxes
    • Jobs
    • Inflation
  • LIFESTYLE
    • Travel
    • Luxury
      • Luxury Food & Drink
      • Luxury Watches
      • Luxury Cars
      • Luxury Style
      • Luxury Motors
      • Luxury Travel
      • Luxury Tech
    • Fashion & Beauty
    • Entertainment
      • Gaming
      • Movies
      • Streaming Services
      • eBooks
      • Anime & Cartoons
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom
  • OUR SERVICES

© 2016-2023 FINTECHZOOM

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?