Credit Suisse to borrow up to $54bn from Swiss central bank

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A slump in the troubled lender's shares has intensified fears about a broader bank crisis.

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"My team and I are resolved to move forward rapidly to deliver a simpler and more focused bank built around client needs," Credit Suisse's chief executive Ulrich Koerner said in a statement. Strict rules apply to Swiss financial institutions to "ensure their stability" and Credit Suisse meets the requirements for banks considered systemically important, the regulators said.

Shares in the firm had already been severely hit before this week - their value falling by roughly two-thirds last year - as customers pulled funds.

 

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More Debt..!! hows that gonna work..? get more profits from selling arms to ukraine...

Knew that Nazi gold would come in useful

こういうのも本来のリスク管理としては切り捨てるべきだよね。😂 救っても経営が根本的に改善しないので繰り返すし🤣🤣🤣

Well... Shit.

Holy crapola

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Credit Suisse to borrow up to $54bn from Swiss central bank\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 Well, well... 54 bn looks like change for a huge swiss broke bank Bitcoin corrigi isso!
Source: FT - 🏆 113. / 51 Read more »

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 😉
Source: FT - 🏆 113. / 51 Read more »

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. 🙃🔥🔥📉🧐
Source: FT - 🏆 113. / 51 Read more »

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’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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