A number of Credit Suisse bondholders said they are considering legal action after the $17 billion wipeout of the embattled bank’s AT1 bonds.
Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector.
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
S&P cut its credit rating to B+ from BB+ on Sunday after first lowering it to junk status just last week.
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
Manhattan District Attorney Alvin Bragg says his office will not tolerate intimidation or threats to the rule of law
The losses came even after 11 other banks pledged to deposit $30 billion in First Republic for at least 120 days in a coordinated rescue attempt.
The Fed in some ways is both closer and further away from its goals when it first started raising rates.
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