Explainer: Credit Suisse: How did it get to crisis point?

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Credit Suisse said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after a slump in its shares and bonds intensified fears about a global banking crisis. Analysts said they think that might not be enough.

Winning the backing of strategic investors could be one option to shore up market confidence. It counts Qatar Investment Authority and Saudi conglomerate Oyalan Group among its investors.

Divesting stakes in various assets is an option as Credit Suisse owns an asset management business and a stake in SIX Group, which runs the Zurich stock exchange. Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations. It has just over 50,000 employees and 1.6 trillion Swiss francs in assets under management at the end of 2021.

 

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Ich habe den Eindruck, die CreditSuisse ist irgendwie wie Italien. Die lassen sich nicht umerziehen. Von Niemandem. ScreenShot from Google : Profis in der Kapitalvernichtung

Something between SVB and CS syncronously with Ramadam ? mmm on the moon the earthquake, calendar included in the joke.

People ignored it, it was evident in sept.

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