Switzerland
Slump in Credit Suisse's shares hits European bank stocks
Trading in Credit Suisse's shares was halted a number of times by the stock exchange operator on Wednesday, as volumes soared and the stock plummeted 20 per cent, The Guardian reported. Credit Suisse's shares fell below 2 Swiss francs for the first time ever on Wednesday morning, as anxiety over the banking sector drove European stock markets deeper into the red.
Swiss Banks: Here's why they have become a heaven for stashing black money
An incriminating leak by an unnamed whistleblower has exposed confidential data related to 30,000 clients of leading Swiss investment bank Credit Suisse made headlines across the world on Sunday. Why do these allegedly nefarious individuals choose Switzerland based banks as their favoured destinations? Here’s an explanation:
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