Credit Suisse to borrow up to about $54 billion from Swiss National Bank
166 Articles
166 Articles
Credit Suisse says it will borrow up to $53.7 bil from central bank
Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. The disclosure came just hours after the Swiss National Bank said capital and liquidity levels at the lender were adequate for a "systemically…
Troubled bank Credit Suisse to borrow up to $54bn from Swiss central bank
BusinessTroubled banking giant Credit Suisse says it will borrow up to $54 billion from the Swiss central bank to shore up its finances.Image for representation: Wikimedia Commons/Ank Kumar Troubled banking giant Credit Suisse says it will borrow up to $54 billion from the Swiss central bank to shore up its finances. The lender said it was taking decisive action to strengthen its liquidity as it looked to become a simpler bank, the BBC report…
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