Credit Suisse to Get Liquidity Backstop if Needed, Regulators Say

witzerland’s central bank and financial regulator said Credit Suisse Group AG will receive a liquidity backstop if needed, in an effort to arrest the slump in confidence around the troubled lender.

Shares in Credit Suisse fell by a record amount Wednesday and its bonds fell to levels that signal deep financial distress, as doubts over the scandal-ridden lender combined with a global selloff in banking stocks. Credit Suisse remains above regulatory capital and liquidity minimums, though it has suffered historic withdrawals by clients nervous over its future direction.

FFS how can this keep happening? The people who run these financial institutions need to go to jail, see if they're so willing to play fast and loose with other people's money is there are proper consequences for their ineptitude!

Rewarded for bad behavior as usual

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Credit Suisse finds ‘material weaknesses’ in financial reporting controls\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t So I assume the top management during the period in question are subject to clawback and sanction? Or can I already guess the answer... CS will get away with it Next
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Credit Suisse shares sink after top shareholder rules out more funding\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Smart shareholder 😂 Y ahora es Credit Suisse. Qué está pasando. 🙃🔥🔥📉🧐
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Oil Prices Crash Below $70 As Credit Suisse Shares Tumble | OilPrice.comOil prices continued to slide on Wednesday, with WTI falling below $70 for the first time since December 2021 and Brent falling by more than $3.
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Credit Suisse: Swiss National Bank must step in to halt three-way doom loop\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t Too late. Dump it hard Seems Bitcoin is a better store of value than Credit Suisse stock 😉
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Credit Suisse’s share price plunges, as fear sweeps the marketWhat will release the bank from its waking nightmare? Don't worry Biden will save them ...USA to the rescue Başta ABD olmak üzere Batı Kapitalizmi.,çürüyen imajını siyaset eliyle güçlendirmeye çalışıyor.! Bancos, por que tê-los?
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Health of European banks in focus as stocks plunge again over Credit Suisse and rate rise worriesBanking stocks resume bleeding as worries intensify over a major European lender's balance sheet and investors ponder what another big rate rise will mean for banks across the euro area. It’s over !!! Another global banking crash. Do they never learn, meanwhile we all continue to suffer. FTSE down nearly 200. This was predicted back in December now it's reality. Anyone would think it was a deliberate act!!!! You will own nothing. I take it this will be due to brexit...
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