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Fear about the unseen risks to the financial system rippled across the globe on Wednesday, breaking the brief calm that had settled over markets and deepening worries that a banking crisis could threaten the economy.
The turmoil was set off by a panic over the health of Credit Suisse, the 166-year-old Swiss bank that has been reeling from years of mismanagement and poor risk control and that warned this week about problems in its accounting practices.
https://www.nytimes.com/2023/03/15/business/stocks-today.html
The turmoil was set off by a panic over the health of Credit Suisse, the 166-year-old Swiss bank that has been reeling from years of mismanagement and poor risk control and that warned this week about problems in its accounting practices.
https://www.nytimes.com/2023/03/15/business/stocks-today.html