Biggest Banks Shed Billions as Credit Suisse Decline Fuels Selloff

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The biggest U.S. banks declined again on Wednesday after Credit Suisse Group AG shares plunged, fanning concerns about the health of the global financial system.

A number of regional banks pared or wiped out gains from a partial rebound on Tuesday in a volatile session that sent Credit Suisse to fresh lows. Financial stocks have declined sharply following a pair of bank failures.

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