Investment Banking

How Credit Suisse crisis hit Wall Street banks

JPMorgan and Citigroup each fell about 5%, and Wells Fargo declined 3%, while Bank of America was down 1%

The biggest US banks declined again on 15 March after Credit Suisse shares plunged, fanning concerns about the health of the global financial system.

A number of regional banks pared or wiped out gains from a partial rebound on 14 March in a volatile session that sent Credit Suisse to fresh lows. Financial stocks have declined sharply following a pair of bank failures.

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