Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders.
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Credit Suisse had also rebounded after it said it would borrow up to $54-billion from the Swiss central bank. "The negative disposition for the broader market has a familiar driver: worries about the state of the banking industry," said market analyst Patrick O'Hare at Briefing.com. The Fed's discount window allows banks to quickly access funds, providing them with liquidity when customers withdraw more deposits than expected, and the record figure is an indication of stress in the sector.
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