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Business Highlights: A summary of the day’s top stories in the business world.

Of silicon valley bank in the us. 0ur correspondent, michelle fleury, has more. hopes the problems of us banks would stay in the us haven�*t panned out. shares in switzerland is second largest bank credit suisse dropped 20% to record lows. we should point out credit suisse is a bank which has been in turmoil for years. as one wall st analyst put it, it�*s been a slow—moving car crash. new things have happened speaking investors, it has material we in its financial reporting and its top back ruled out lending it any more money, all of this is adding to concerns about the global banking sy...

U.S. stocks took a dive Wednesday morning, as global investors' fears over the health of the banking industry renewed amid the crash of Swiss bank Credit Suisse

The main U.S. stock indexes were on track for a mixed open on Tuesday as Treasury yields resumed their gains on bets of more interest rate hikes from the Federal Reserve.

The S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the US economy, but gains were capped as investors worried about more interest rate hikes by Federal Reserve in the months ahead.