Published 1 year ago

Credit Suisse shares soar after central bank aid announced

Summary by CP24

Credit Suisse’s shares soared 30% on Thursday after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe.

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Times of India

Credit Suisse: Credit Suisse surges 40% on lifeline, fueling bank-stock rally

Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion) and offered to repurchase debt. The chairman of the firm’s biggest shareholder said in an interview with CNBC that the lender isn’t likely to seek more capital and the bank is generally “sound.”

1 year ago·India

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The Hindu

Credit Suisse shares soar after announcing Swiss Central Bank aid

Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss Central Bank

1 year ago·India

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CTV News

Credit Suisse shares soar after central bank offers lifeline

Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs (US$54 billion) to bolster confidence in the country's second-biggest lender and blunt concerns about the international financial system following the collapse of two U.S. banks.

1 year ago·Canada

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Reuters

European shares rise as investors cheer Credit Suisse securing lifeline, ECB in focus

European shares rose on Thursday, as beleaguered lender Credit Suisse rallied after a lifeline from the Swiss National Bank allayed some fears of a global banking crisis, although caution prevailed ahead of a European Central Bank rate decision.

1 year ago·United Kingdom

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CBC News

Credit Suisse shares rebound, with gains slipping, after $74B central bank loan

Credit Suisse shares surged Thursday, with the gains later losing some steam, after the Swiss central bank agreed to loan the bank up to $74 billion to bolster confidence in the lender and blunt concerns about the international financial system following the collapse of two U.S. banks.

1 year ago·Canada

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NDTV

Credit Suisse Shares Soar Over 30% After Bank Secures Financial Lifeline

European stock markets rebounded slightly Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank. Frankfurt, London and Paris won modest gains, a day after plunging about 3.5 percent over fears about the health of Credit Suisse and the wider banking system following the implosions of two US lenders. The euro advanced against the dollar ahead of…

1 year ago·New Delhi, India

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