The Swiss financial authorities last night tried to calm markets by offering support to the crisis-hit bank Credit Suisse.The firm had begged the Swiss National Bank to intervene after a massive plunge in its share price set off alarm bells worldwide – and involved officials in emergency talks with counterparts across the global financial system.Credit Suisse’s stock fell by as much as 30 per cent yesterday before ending at 24 per cent, triggering an emergency trading halt on the Swiss stock exchange. The crash came as the chairman of Credit Suisse’s largest backer, Saudi National Bank, ruled out providing more cash to the company due to issues around regulation.
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