August 22, 2026
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politics

Wall St drops as Credit Suisse woes spark bank sell-off

US shares have dropped as turbulence at Credit score Suisse renewed fears of a banking disaster whereas knowledge hinting at financial weak spot saved alive hopes of a much less aggressive financial coverage transfer by the Federal Reserve in March.

US-listed shares of Credit score Suisse slid 24.three % to hit a document low after the Swiss financial institution’s largest investor mentioned it couldn’t present extra monetary help to the lender.

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