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5 big moments from the week that rocked the banking system

Traders work on the floor at the New York Stock Exchange in New York on March 13. Craig Ruttle/AP hide caption

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Craig Ruttle/AP

5 big moments from the week that rocked the banking system

March 17, 2023 • The collapse of Silicon Valley Bank last Friday set off a series of events that have many reeling about just what is happening at banks in the U.S. and around the world.

Credit Suisse shares soar after the bank secures a $54 billion lifeline

The company logo is seen at the global headquarters of Swiss bank Credit Suisse in Zurich, Switzerland. Arnd Wiegmann/Getty Images hide caption

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Arnd Wiegmann/Getty Images

Credit Suisse shares soar after the bank secures a $54 billion lifeline

March 16, 2023 • Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.

Stocks drop as fears grow about the global banking system

Traders work on the floor of the New York Stock Exchange in New York City on Tuesday. Stocks tumbled on Wednesday amid fears that worries about the banking system were widening to other parts of the world. Timothy A. Clary/AFP via Getty Images hide caption

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Timothy A. Clary/AFP via Getty Images

Business

Stocks drop as fears grow about the global banking system

March 15, 2023 • A drop in shares of European lender Credit Suisse sparked fears that banking turmoil is spreading around the world.

Stocks drop as fears grow about the global banking system

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U.S. Seeks To Extradite 3 Ex-Credit Suisse Bankers Accused Of Fraud in Mozambique

A Credit Suisse bank branch seen in Geneva. Three former bankers have been arrested in connection with accusations of fraud in Mozambique. Igor Golovniov/SOPA Images/LightRocket via Getty Images hide caption

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Igor Golovniov/SOPA Images/LightRocket via Getty Images

World

U.S. Seeks To Extradite 3 Ex-Credit Suisse Bankers Accused Of Fraud in Mozambique

January 4, 2019 • The three were allegedly at the center of a scheme that loaned $2 billion to Mozambique for sham tuna fishing and naval projects.