The move follows Moody's earlier saying it will monitor Credit Suisse's situation and "act appropriately" regarding its rating.the bank's issuer rating to 'BBB' as it "continues to report missteps and compliance failures, resulting in a visible weakening of the franchise," and said the holding company's "ability to restore stakeholders' confidence" is concerning.
A slide in Credit Suisse's shares had threatened to spiral into a wider banking crisis on Wednesday, while some analysts said the Swiss National Bank's $54-billion loan has only bought the lender some time to work outBank stocks tumbled across the world on Monday after the sudden collapse of Silicon Valley Bank and Signature Bank forced U.S.
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.
What Just Happened at Credit Suisse? - The Journal. - WSJ PodcastsAs fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern. Further Reading: - Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline - Credit Suisse Promises Overhaul in Wake of Rout as Regulators Offer Lifeline - Janet Yellen Says Banking System Is Healthy After SVB Collapse Further Listening: - Can the Government Contain a Banking Crisis? - The Economy Is Too Hot for the Fed
Source: WSJ - 🏆 98. / 63 Read more »
Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and moreThese are the stocks posting the largest moves in midday trading. western financiers' favorite food: sXit.....eat on
Source: CNBC - 🏆 12. / 72 Read more »
STOCK MARKET NEWS: Credit Suisse borrows $54B, First Republic shares sink, Dollar General’s outlookCredit Suisse gets $54 billion loan as banking contagion fears hit market, First Republic mulling options, Dollar General’s forecast, housing starts and jobless claims. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Credit Suisse chairman took a pass on $1.6 million award, had his pay cutCredit Suisse's chairman took a pass on a $1.6 million award and had his pay cut
Source: BusinessInsider - 🏆 729. / 51 Read more »
Credit Suisse shares hit record low as banking giant admits to ‘material weaknesses’Credit Suisse shares hit an all-time low in early Tuesday trading after the Swiss banking giant admitted to discovering “material weaknesses” in its financial reporting over the past two years.
Source: nypost - 🏆 91. / 67 Read more »
EUR/CHF to trade in a 0.9700-1.0000 range following SNB meeting – Credit SuisseIn light of the recent events in financial markets, economists at Credit Suisse think the SNB will only hike 25 bps at the upcoming meeting. They expe
Source: FXStreetNews - 🏆 14. / 72 Read more »