Credit Suisse shares tumble to new record low as European banking sector reels

Market Watch

Credit Suisse shares CSGN, -24.24% CS, -18.73% fell as much as 31%, breaking below the 2 franc level and extending the declines that seen its shares drop 78% over the last 52 weeks.  The fresh losses came after the chairman of the bank’s top shareholder, Saudi National Bank, ruled out investing any more into the bank in a Bloomberg interview on Wednesday.