SVB collapse sends shockwaves through EU financial market

Credit Suisse bank's stock plunge has rattled global markets, with the Swiss central bank stepping in with a $53 billion lifeline. Meanwhile, Credit Suisse’s biggest shareholder, Saudi National Bank, said it wouldn’t boost its share past the current level of just under 10%, triggering a 30% fall of its share price. <br> <br>The situation comes hot on the heels of financial turmoil in the US, where the collapse of two major banks has reverberated throughout the financial world. <br> <br>RT contributor Rachel Marsden picks up the story. <br> <br>------------------------------------------------------------------------------------------- <br>Freedom over censorship, truth over narrative. <br>Follow us on Facebook: https://www.facebook.com/RTnews <br>Follow us on Telegram: https://t.me/rtnews <br>Follow us on Twitter: https://twitter.com/RT_com