Its shares soared more than 30 percent at the open Thursday, and European stocks rebounded slighlty.
It also insisted that the eurozone banking sector is “resilient, with strong capital and liquidity positions”. The US Federal Reserve and the Bank of England, who have both been hiking rates to combat soaring prices, hold meetings next week.
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.
Swiss central bank throws financial lifeline to Credit Suisse after shares pummeledCredit Suisse leads a rout in European bank shares on Wednesday, March 15, as its largest investor says it cannot provide more financial assistance because of regulatory constraints.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Swiss central bank throws financial lifeline to Credit Suisse after shares pummeledSwiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender’s shares tumbled as much as 30 percent. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »
European banks battered as Credit Suisse drops 20%Shares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender’s biggest shareholder said it could not raise its 10 percent stake citing regulatory issues. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »