As early investor optimism about efforts to stem a banking crisis quickly evaporated, shares of Credit Suisse, UBS fell.

As early investor optimism about efforts to stem a banking crisis quickly evaporated, shares of Credit Suisse, UBS fell.
A bank employee association said it was deeply shocked by the potential consequences of the UBS-Credit Suisse deal.
Authorities had been scrambling to rescue Credit Suisse before financial markets reopened on Monday.
Credit Suisse was caught in the turmoil spurred by the collapse of US lenders Silicon Valley Bank and Signature Bank.
Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.
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