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Switzerland To The Rescue: Swiss National Bank, FINMA Ready To Provide Liquidity Support For Credit Suisse

Switzerland's Financial Market Supervisory Authority (FINMA) and Swiss National Bank (SNB) released a joint statement in response to the recent market turmoil caused by certain banks in the U.S. What Happened: The statement confirmed the problems faced by U.S. banks do not pose a direct risk of contagion for Swiss financial markets.


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Dow Tumbles Over 500 Points; US Producer Prices Decline In February

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 500 points on Wednesday. Following the market opening Wednesday, the Dow traded down 1.69% to 31,612.42 while the NASDAQ fell 1.26% to 11,284.65. The S&P 500, also fell, dropping, 1.64% to 3,855.15.