The Latest Breaking News from Credit Suisse

On the heels of bank failures in the U.S., shares of European bank Credit Suisse fall, prompting concerns about the health of the global banking system.

Credit Suisse is borrowing from the Swiss National Bank under a covered loan facility.

Shares of Credit Suisse have plunged to a record low, after its top shareholder declined to increase its stake. The slide has added to market jitters over the state of Europe's banking sector, although it's not directly related to the recent collapse of two American lenders. Also in the show:…

‘If the bank fails, this could have major implications for other European banks’

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

“A banking crisis can morph into a debt crisis for the sovereign, in a doom loop between the banks,” Roubini told Fortune in November.

The Swiss lender is deemed ‘systemically important’ so the jittery markets are studying the bank carefully – very carefully

U.S. producer prices and retail sales both declined in February, giving Federal Reserve officials more room to potentially pause interest-rate hikes as they weigh the impact of a banking crisis against inflation risks.

Dow Jones fell after bank run contagion spread to Credit Suisse. First Republic got a rating slash from S&P Global Ratings