Calm returns, but fears of another selloff remain
Some calm has returned to the financial markets, after a choppy start to the morning after the emergency rescue of Credit Suisse last night.
The FTSE 100 index is now flat, having been down almost 2% at one stage in early trading.
Bank stocks have recovered some ground, after European regulators insisted that under their rules common equity would be wiped out before AT1 bonds were triggered…