European banks battered as Credit Suisse drops over 20%
An index of European bank stocks fell in morning trading and was last down 6.1%, hitting its lowest since January 3. The index has dropped 14% since last Wednesday's close, meaning a loss of over 120 billion euros ($127.25 billion) in market value since then. It is the index's biggest week-on-week loss since Russia's invasion of Ukraine last February
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