Credit Suisse shares hit record low, market value down by 60% this year

Shares of Credit Suisse touched a new record low after declining 12% on Monday to 3.52 Swiss francs ($3.7). The bank has lost about 60% of its market value this year and is on the track for the biggest annual drop in its history. Recently, CEO Ulrich Korner told his staff that the bank is at a "critical moment".