Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe’s banks.
Deutsche Bank shares fell 9% in early trade on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe’s banks persisted.
Sens. Booker and Warnock say overdraft and nonsufficient fund fees are causing hardship for Americans who relied on SVB and Signature Bank for payments.
Peltz’s proposed plan comes after uninsured deposits contributed to the failure of Silicon Valley Bank.
Credit Suisse’s largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
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