Credit Suisse shares drop to historic low amid financial crisis

One of Europe's largest banks, Credit Suisse, experienced a 30% drop in share price on Wednesday, with the Financial Times reporting that the organization’s officials have appealed to the Swiss National Bank for a public show of support.

This follows the failure of two major US banks, causing turmoil and financial ripples throughout the world.

We hear from John Varoli, political analyst and journalist, who believes the entire economic system is now under threat.

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