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Bank fears return to haunt global stock markets

AFP Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders to prevent contagion across the sector. Markets had rallied on Thursday after Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into First Republic Bank. Credit Suisse had also rebounded after it said it would borrow up to $54 billion from the Swiss central bank.
United States France General City Of United Kingdom Chris Beauchamp First Republic Bank

Bank fears return to haunt global stock markets

AFP Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders to prevent contagion across the sector. Markets had rallied on Thursday after Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into First Republic Bank. Credit Suisse had also rebounded after it said it would borrow up to $54 billion from the Swiss central bank.
United States France General City Of United Kingdom Chris Beauchamp First Republic Bank

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