March 24 (Reuters) – International banks are staring on the largest disaster since 2008 after two U.S. lenders collapsed, Switzerland’s Credit score Suisse (CSGN.S) sought a authorities lifeline and America’s prime banks agreed to supply a $30 billion rescue deal – all within the house of 10 days.
The turmoil has ratcheted up fears of a contagion and prompted motion from the U.S. Federal Reserve, U.S. Treasury and the non-public sector, nevertheless it stays to be seen whether or not that will likely be sufficient to comprise the harm.
Under is a timeline of key occasions:
Sources: firm statements, press conferences, sources, media experiences
Reporting by Mehnaz Yasmin amd Manya Saini in Bengaluru; Modifying by Devika Syamnath
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