) said on early-Thursday that it will exercise an option to borrow up to 50 billion Swiss francs from the Swiss National Bank under two loan facilities to shore up liquidity conditions.
The bank also said it will open a cash tender offer to repurchase ten dollar-denominated debt securities for up to $2.5 billion, and a separate tender offer for euro-denominated debt securities for up to €500 million. “These measures demonstrate decisive action to strengthen Credit Suisse as we continue our strategic transformation to deliver value to our clients and other stakeholders,” Credit Suisse CEO Ulrich Koerner said in a statement.Investors were largely skittish over any further ructions in the banking sector, after the collapse of three U.S. regional banks, most notably Silicon Valley Bank, drummed up concerns of a broader crisis.
A entity with a $5.5 Billion Market caps gets $54 Billion funding
? Borrow 🥶
Credit Suisse is borrowing up to $54 billion from the Swiss National Bank? That's a lot of chocolate coins 🍫💰 Maybe they should invest in some crypto instead 🚀😉
do they not understand. the banks have the economy under control. there is no way to isolate or control the economic gears, they ally and control or collapse themselves
nothing better than money in a vacuum with the credibility of payment. It's fine for a bank. And who is guaranteed is not able to guarantee. collapse is certain in default
Lol
Phew, should see through till Friday!
bullish 🚀🚀
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Credit Suisse to borrow up to about $54 billion from Swiss National BankCredit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. The contagion begins 🍿 The bail out continues Print more money The Swiss bank was not going to let their flagship bank go under
Source: CNBC - 🏆 12. / 72 Read more »
Credit Suisse to borrow up to nearly $54 billion from Swiss National BankCredit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. Bailout bonanza ! Shit Let these shit banks burn. There is only one decentralized bank you can trust Bitcoin
Source: CNBC - 🏆 12. / 72 Read more »
Credit Suisse to borrow about $54 billion from Swiss central bankCredit Suisse announced late Wednesday it was taking “decisive action” and borrowing up to 50 billion Swiss francs — about $54 billion — to ease investors’ fears. Hmm, I don't know if this would ease my fears or make them worse. Should've just told them to calm down Guess who gets to pay it all back
Source: MarketWatch - 🏆 3. / 97 Read more »
Credit Suisse to borrow up to $54 billion from Switzerland's central bankCredit Suisse is borrowing from the Swiss National Bank under a covered loan facility. I’d email you but I don’t want to be fired Switzerland should have a decent banking emergency fund given all the shady 💰 they've kept over the decades. Then again they could be in the can't-happen here-camp. Ben Montgomery. What about Ben Montgomery?
Source: axios - 🏆 302. / 63 Read more »
Credit Suisse secures $54 billion lifeline as authorities rush to prevent global bank crisisCredit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a glob… Just maybe modern globalist policies aren’t good Did America pay it? jinxidoru this is what I mean. It’s the banks. They gamble with money and it was perfectly fine under the Dodd-Frank act. Now everyone is paying close attention.
Source: nypost - 🏆 91. / 67 Read more »
Credit Suisse to borrow $54 billion from Swiss central bankGENEVA (AP) — Swiss bank Credit Suisse said Thursday it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of bank failures in the United States. Pedo Peter is doing a great job for the Chinese Communist Party. Enjoy hyperinflation and starvation. Suckers. Whatever! Thank god I keep all of my money locked securely in my imagination.
Source: AP - 🏆 728. / 51 Read more »