"Against this background, FINMA confirms that Credit Suisse meets the higher capital and liquidity requirements applicable to
. In addition, the SNB will provide liquidity to the globally active bank if necessary," the Swiss entities said."Credit Suisse is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank up to CHF 50 billion under a Covered Loan Facility as well as a short-term liquidity facility, which are fully collateralized by high quality assets," Credit Suisse said in a statement.
Manage money? Not certain of that
Haha…Lend money then borrow money…Lets see what their CREDIT SCORE is first. 😳😳😳😉😉😉🤣🤣🤣
3/14/23: The Coming ECONOMIC COLLAPSE - Peter Schiff
Got it, another taxpayer bailout 🙄. They really have no limit to their greed. I guess greed is good again 🤬.
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Credit Suisse intends to borrow up to 50 bln Swiss francs from Swiss National BankCredit Suisse Group AG said on Thursday it intended to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called 'decisive action' to boost its liquidity. 50 non Swiss francs is like 30$ us. 100 billion dollar have been withdrawn from this bank and now its name should be changed to debit Swiss😂😂 Credit is broke
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 »
SVB collapse: Swiss National Bank tries to steady markets after Credit Suisse selloffBanking authorities in Switzerland pledged to provide CreditSuisse with financial support if necessary as doubts rose about its viability. The bank is considered a global systemically important firm with roughly $570 billion in assets at the end of 2022
Source: dcexaminer - 🏆 6. / 94 Read more »
Credit Suisse to borrow up to $54 bln from Swiss National Bank By Investing.com*CREDIT SUISSE TAKES ACTION TO BOLSTER ITS FINANCES, TO BORROW UP TO $54 BILLION FROM SWISS NATIONAL BANK 🇨🇭🇨🇭 bullish 🚀🚀 Phew, should see through till Friday! Lol
Source: Investingcom - 🏆 450. / 53 Read more »
Credit Suisse shares soar 30% on Swiss National Bank loan announcementWe might as well just keep investing in these banks cause the government will never let them fail…so sad how can they lose when the government will print imaginary billions and trillions, Hyperinflation soon I’ve been buying dips. 😁🤑
Source: CNBC - 🏆 12. / 72 Read more »
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 »