Asian markets slid, led again by banks, with contagion talk sweeping across trading floors owing to fears about European giant Credit Suisse.
AFP/Fabrice Coffrini
While commentators have said the crisis should be contained and most major lenders had little exposure to the firms -- Silicon Valley Bank and Signature Bank -- news of trouble at Credit Suisse once again sent traders running for the hills. The Swiss central bank insisted that capital and liquidity levels at the lender were adequate, but stressed it was ready to make liquidity available to Credit Suisse.The developments sent shivers through markets as memories of the global financial crisis came flooding back.
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