Published 1 year ago

Credit Suisse to borrow up to about $54 billion from Swiss National Bank

Summary by CNBC

Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.

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Times of India

Credit Suisse: Credit Suisse to borrow up to $54 billion from Swiss National Bank

Credit Suisse Group AG said on Thursday it intends to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called "decisive action" to boost its liquidity. The planned move came after Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender's shares fell by as much as 30% on Wednesday.

1 year ago·India

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BBC News

Credit Suisse to borrow $54bn to shore up finances

A slump in the troubled lender's shares has intensified fears about a broader bank crisis.

1 year ago·United Kingdom

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News18 India

Credit Suisse Secures $54 Billion Lifeline as Authorities Rush to Prevent Global Bank Crisis

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.

1 year ago·India

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The Guardian

Credit Suisse shares surge after bank agrees £44bn lifeline – business live

Rolling coverage of the latest economic and financial news, as troubled Credit Suisse gets central bank support to stem crisis rocking financial markets

1 year ago·London, United Kingdom

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