There was talk about Credit Suisse collapsing a few months ago. It looks as if they have only managed to delay the collapse. Their stock keeps crashing and is now trading at record lows.
JUST IN – Credit Suisse shares fall over 20% to new record low, now traded well below 2 Swiss francs. pic.twitter.com/tc7XhBibBw
— Disclose.tv (@disclosetv) March 15, 2023
French banking organization BNP Paribas is having similar issues with their stock prompting trading to be halted.
JUST IN – Trading halted for French banking group BNP Paribas after the stock plunged 8%.
— Disclose.tv (@disclosetv) March 15, 2023
The problems in the West’s financial and banking system is far from over. The hilarious part about all this is that the sanctions on Russia effectively have made them immune from all these issues.