Interest rates going higher, page-665

European banks halt trading as shares plummet

Shares of several European banks including Credit Suisse, Societe Generale and Italy’s Monte dei Paschi and UniCredit have been halted from trading as prices plummeted.

Credit Suisse was down as much as 21% around 10.33 a.m. London time, followed by Societe Generale, which dropped 9.9%.

I think the contagion is spreading. We could see a halt to interest rises.