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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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Bias Distribution

  • 36% of the sources lean Right
36% Right
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CNN broke the news in Atlanta, United States on Wednesday, March 15, 2023.
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