Credit Suisse's shares soared as much 30% on Thursday after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe.
"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. When asked if he would rule out government assistance in the future, he said:"That's not a topic. ... We are regulated. We have strong capital ratios, very strong balance sheet. We are all hands on deck, so that's not a topic whatsoever."Silicon Valley Bank and Signature BankIt came after the Saudi National Bank told news outlets that it would not inject more money into the Swiss lender.
Credit Suisse has been a poorly run bank for more years I care to count.
Controlled demolition of USA as a nation continues. The reckless spending drives it all.
So what happened to the loot? I guess the Saudis as top shareholders have all the answers but won’t fork over any cash
That’s fearful
Another one ...!😎
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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 $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 »
Credit Suisse to borrow $54 billion from Swiss central bankSwiss bank Credit Suisse says 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 🤔 Nothing unusual here.... This is just nationalizing international banks. The harm will be even worse when just one western country falls, currencies will start collapsing. Looking at you Eastern Europe. These people know one thing for sure. A population in despair is easier to control then people with hope.
Source: ABC - 🏆 471. / 51 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 »