Chancellor 'welcomes' decision to give Credit Suisse £44.5bn lifeline as shares bounce back

Chancellor Jeremy Hunt has"welcomed" the Swiss central bank's decision to give Credit Suisse a lifeline of 50bn Swiss francs .

The bank said it was"taking decisive action to pre-emptively strengthen its liquidity" with the central bank loan after shares plunged about 30% - intensifyingThe shares rose slightly at the close of trading on the SIX stock exchange - representing a 24% slide. But news of the lifeline sparked a positive response from the markets, with shares surging by as much as 32% in the first few minutes of trade on Thursday., Mr Hunt told Sky News the developments in Switzerland were"encouraging".

During a separate radio interview, he said chancellors"never comment on movements in markets for very obvious reasons" but added:"All I will say is of course I monitor what is going on in the markets, the Bank of England governor monitors carefully what is going on; he keeps me informed.

The central bank issued an assurance that Credit Suisse met"the capital and liquidity requirements imposed on systemically important banks".

So the intention by Credit Suisse to pretend as if it was insolvent was to try and syphon Saudi money?. When the Saudi's refused to yield then their central bank comes in with a rescue package...an anomaly!..

Seems like their moving the deckchairs on the titanic….

Digital currency being brought in apace, your savings and pension to be taken in a bail in, all for your ‘own good’, you won’t get your money back, all planned

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