Ibovespa fall reached 1.9% in the morning with dollar quoted at R$ 5.305 for fear of the Brazilian market with foreign banks.| Photo: Jim Lo Scalzo/EFE

The Brazilian financial market operated with caution throughout the morning of this Wednesday (15) after the shares of the Swiss bank Credit Suisse plummeted 30% and still reflecting the collapse of the SVB and Signature Bank banks in the United States, over the weekend. Around 11:20 am, the Ibovespa index, of the B3, recorded a drop of 1.74% to 101.1 thousand points, while the dollar rose 0.86% quoted at R$ 5.303.

The caution of Brazilian investors emerged in the wake of the international market after the largest shareholder of the Swiss bank, the Saudi National Bank, said that it could not inject more money into the institution. Ammar Al Khudairy’s speech raised fears that Credit Suisse could suffer a liquidity problem and affect other financial institutions.

On the Brazilian stock exchange, the biggest drop in the morning occurred around 11:00 am, at -1.90% at 100,800 points. The high of the day reached 102.9 thousand.