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Plunge

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finance2 years ago

Credit Suisse's Crisis Spreads Across Europe and Beyond

Swiss regulators have agreed to provide liquidity to Credit Suisse as its shares continue to plunge due to the fallout from the Archegos Capital Management scandal. The bank has warned that it could face significant losses as a result of the scandal, and the Swiss Financial Market Supervisory Authority has said it will take "appropriate measures" to ensure the bank's stability.