Credit Suisse take over puts European banks in limbo

Fabrice Coffrini, AFP

Posted at Mar 20 2023 10:06 PM

European bank crisis

A local pensioner protests in front of the Credit Suisse headquarters after Swiss bank giant UBS agreed to take over its troubled Swiss rival, in Zurich on Monday. Shares in European banks sank on March 20 despite a buyout of Credit Suisse by Swiss lender UBS aimed at preventing a global banking crisis.