Credit Suisse extends losses, plunges 11%

Business

Christian Baha / NP

17 March

1 min read

EPA-EFE/JUSTIN LANE

Shares of troubled lender Credit Suisse extended losses on Friday, dropping more than 11%.

The bank has been experiencing much volatility this week as its shares hit a record low on Wednesday and then skyrocketed on Thursday after the Swiss National Bank (SNB) agreed to provide Credit Suisse with up to 50 billion Swiss francs to "pre-emptively strengthen its liquidity."

Credit Suisse plummeted 11.05% to 1.7990 Swiss francs at 12:52 pm CET.

credit suisse banking crisis

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