British stocks plunge as concerns mount over banking turmoil

LONDON, March 15 (Xinhua) -- British stocks plunged on Wednesday as shares in Swiss banking giant Credit Suisse tumbled to a record low, further increasing investor concerns over financial instability after the collapse of Silicon Valley Bank (SVB).

The FTSE 100 index, the leading benchmark for blue chip companies listed in the United Kingdom (UK), ended the session down 3.83 percent, or 292.66 points, at 7,344.