Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Credit Suisse spreads the banking crisis to Europe

InternationalMar 16, 2023
Credit Suisse spreads the banking crisis to Europe

The banking crisis that began with Silicon Valley Bank’s collapse looked contained, Credit Suisse destabilized the sector. Its shares tanked 24.24% after its largest investor, Saudi National Bank, said it couldn’t provide the Swiss bank with further financial assistance due to regulations- CNBC

Markets across Europe fell sharply — Stoxx 600 lost 2.92% — as banking stocks plunged 7%. BNP Paribas slid 10.11%, Societe Generale dropped 12.18% and Deutsche Bank fell 5.17%. Several bank stocks were even temporarily halted from trading during the day because of their steep losses.


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