European stocks fell on Monday, with Credit Suisse shares losing more than 60 percent after UBS agreed to buy its struggling rival in a $3 billion deal, undervaluing Credit Suisse well and raising fears of a banking crisis. wide range.<\/p>\n\n\n\n
The STOXX 600 European shares fell 0.8 percent by 0807 GMT, after recording its biggest weekly loss this year last Friday.<\/p>\n\n\n\n
Credit Suisse shares plunged 62.3 percent after rival UBS said on Sunday it would pay 3 billion Swiss francs ($3.23 billion) to buy the 167-year-old bank, which is suffering a loss of up to $5.4 billion in a regulator-supervised bailout. swiss.<\/p>\n\n\n\n
UBS shares fell 8.8 percent.<\/p>\n\n\n\n
The banking sector index fell 5.8 percent in early trade.<\/p>\n\n\n\n
Deutsche Bank shares lost 10.9 percent and Commerzbank 8.5 percent, while France’s BNP Paribas and Societe Generale lost about 8.2 percent and 7.5 percent, respectively.<\/p>\n\n\n\n
Standard Chartered shares fell to the bottom of the FTSE 350, recording a loss of 7.7 percent, while NatWest and Barclays shares fell 7.8 percent and 7.4 percent, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks fell on Monday, with Credit Suisse shares losing more than 60 percent after UBS agreed to buy its struggling rival in a $3 billion deal, undervaluing Credit Suisse well and raising fears of a banking crisis. wide range. The STOXX 600 European shares fell 0.8 percent by 0807 GMT, after recording its biggest …<\/p>\n","protected":false},"author":9,"featured_media":44251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-81719","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=81719"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81719\/revisions"}],"predecessor-version":[{"id":81720,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81719\/revisions\/81720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}