Global banking fears trigger stock market drop.

The Dow Jones Industrial Average fell 177 points, or 0.6%, as regional banks slid once again on growing fears of a banking crisis within the US and Europe. Credit Suisse announced it will borrow up to nearly $54bn from the Swiss National Bank to assure short-term liquidity. The news was not enough to quell fears on Wall Street of an impending crisis, leading regional banks to take another leg down in Thursday's premarket. Building permits and housing starts soared in February, while the latest data on jobless claims saw a big drop.