Credit Suisse Stock Slump triggers Close Monitoring by Regulators, First Republic Goes Junk

Credit Suisse shares slumped by as much as 30% on Wednesday after its largest shareholder said it could not provide further support, prompting the Swiss bank's CEO to make new assurances on its financial strength.
Read more: https://www.reuters.com/business/finance/credit-suisse-shares-drop-fresh-record-low-cds-widen-2023-03-15/
First Republic Bank was cut to junk by S&P Global Ratings and Fitch Ratings amid concern that clients pull holdings from the lender, even after US regulators pledged support for the banking sector.
Read more: https://finance.yahoo.com/news/first-republic-bank-cut-junk-142710151.html

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