Switzerland’s central bank will provide liquidity to Credit Suisse if necessary, regulators promised Wednesday, after the banking giant’s shares plummeted as concerns about economic contagion mount following the second- and third-biggest bank failures in U.S. history last week.... [+]Wednesday afternoon, adding that the “problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial markets.
The country’s banking regulator also said Credit Suisse “meets the capital and liquidity requirements” on big banks. Shares of Credit Suisse fell more than 13% Wednesday, closing at $2.16—a slight rebound from its record low of $1.76 Wednesday morning.
It sounds like Hank Paulson’s „bazooka”
Bailouts are back baby!!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss National Bank will provide Credit Suisse financial support ‘if necessary’Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse. one simply cannot trust junky america ,there needs to be an intervention So in other words, Credit Suisse is in huge trouble
Source: washingtonpost - 🏆 95. / 72 Read more »
Credit Suisse appeals to Swiss National Bank for show of support - FTCredit Suisse has appealed to the Swiss National Bank (SNB) for a public show of support, the Financial Times reported on Wednesday, after the bank's shares slid as much as 30% and sparked a broader sell-off in European and U.S. bank stocks. Yes
Source: Reuters - 🏆 2. / 97 Read more »
Swiss National Bank to provide liquidity to Credit Suisse ‘if necessary’The Swiss National Bank will provide liquidity to troubled lender Credit Suisse if necessary, the central bank said late Wednesday, in a joint statement with... Buy the stock. Will be a double move Oh oh. Money never Sleeps
Source: MarketWatch - 🏆 3. / 97 Read more »
Swiss National Bank says it would support credit Suisse if necessaryRegulators stated that the problems experienced by certain U.S. banks do not pose a risk for the Swiss financial system. Banks is always risky $BTC & $KAS regulation friendly ✅ No ICO ✅ Fair launch ✅ No dev allocations ✅ Driven by community ✅ Purely Decentralized (Pow) ✅ Secure ✅ No pre-mining But also Kaspa, ✅ More convenient ✅ Fastest pow (x32 with Rust upgrade) ✅ Most advanced Pow ever oxro dxgm
Source: Cointelegraph - 🏆 562. / 51 Read more »
Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoilBank stocks in the U.S. and Europe are tumbling as the global financial system continues to reckon with the Silicon Valley Bank collapse—the largest bank failure since 2008. Chaos and fear have set in It used to be that keeping money in a bank was not a risk but under Biden that has all changed. Don't forgot CreditSuisse which is happening right now.
Source: ABC - 🏆 471. / 51 Read more »
Credit Suisse woes knock euro, sterling, Swiss FrancEuropean currencies fell sharply on Wednesday after Credit Suisse's tumble to a new low renewed worries about the European banking sector following Silicon Valley Bank's collapse. these will be affected
Source: Reuters - 🏆 2. / 97 Read more »