"It removes an immediate risk. But it confronts us with another choice. The more we do this, the more we blunt monetary policy, the more we have to live with higher inflation -- and what is it going to be?" said Damien Boey, chief equity strategist at Barrenjoey in Sydney.
"This additional liquidity would support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs," the bank said. "Our capital, our liquidity basis is very, very strong," Koerner told media. "We fulfil and overshoot basically all regulatory requirements."
"We've been telling them to read the statements and look at the fact that we are buying 3 billion francs worth of bonds because they are so cheap," said a Hong Kong-based senior banker. "That's all we can say and try and plough on with work."EUROPEAN EPICENTRE
Confidence is the last word I’d use with global systematically important banks collapsing
Lol
Show me, pull your tongue, says AAA, mmm now it's analysis time 😝
Sinking 😂😂😂
Money printer again goes brrrrr this is pathetic and should be prosecuted these criminals go away with everything
54 billion to save a load of crooks, disgusting
It’s still gon crash 💥 hehe
لا داعي للهلع
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.
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 bln as it seeks to calm investor fearsCredit Suisse on Thursday said it was taking decisive action to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis. Deploying more capital Steady Lads. Switzerland abandoned its permanent neutrality, froze and confiscated Russian assets, and lost international credibility. It is no longer safe to park money in Swiss banks. Ooh I means credit suisse going bankrupt guys. Gg.
Source: Reuters - 🏆 2. / 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 »