March 28, 2024

Credit Suisse to Borrow up to 50 Billion Swiss Francs from Swiss National Bank  

Credit Suisse announced it would borrow up to 50 billion Swiss francs from the Swiss National Bank in a move to strengthen its liquidity amid dwindling stock prices. Fifty billion Swiss francs is the equivalent of $53.68 billion. Credit Suisse is the country’s second biggest lender. On Wednesday, Credit Suisse’s shares went down as much

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