Credit Suisse will borrow up to 50 billion francs from the Swiss central bank to shore up its business.ZURICH - Credit Suisse shares surged more than 30 percent after announcing it would borrow up to $53.7-billion from the Swiss central bank following a market drubbing over fears of a global banking crisis.
European stock markets opened higher on Thursday after falling sharply the day before, but Asian indices were down. The bank's shares closed 24 percent lower on Wednesday after its main shareholder, Saudi National Bank, said it would not raise its stake in the group due to regulatory constraints.
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.
Credit Suisse grabs $54bn lifeline from central bankSwiss authorities assure markets the troubled lender meets capital and liquidity requirements, allaying fears of a global banking crisis
Source: BDliveSA - 🏆 12. / 63 Read more »
Credit Suisse CEO urges patience amid financial sector sell-offUlrich Koerner says restructuring will take time as the collapse of Silicon Valley Bank throws markets into disarray
Source: BDliveSA - 🏆 12. / 63 Read more »
Credit Suisse stock slumps to record low after Saudis rule out further fundingStock price drop reignites jitters among investors about the resilience of the global banking system after the collapse of Silicon Valley Bank Next one ☝️ to Go… 🏦
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Credit Suisse stock slumps to record low after Saudis rule out further fundingStock price drop reignites jitters among investors about the resilience of the global banking system after the collapse of Silicon Valley Bank
Source: BDliveSA - 🏆 12. / 63 Read more »
Credit Suisse fears rock Asian stocks; gold and dollar soarCredit crunch concerns leave markets on edge ahead of a European Central Bank meeting
Source: BDliveSA - 🏆 12. / 63 Read more »