Credit Suisse thrown $54bn lifeline in rush to ward off global bank crisis

  • 📰 SundayTimesZA
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Loans Loans Headlines News

Credit Suisse will borrow up to $54bn (about R990bn) from Switzerland’s central bank to shore up liquidity and investor confidence, after a slump in its shares intensified fears about a global banking crisis.

You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 47. in LOANS

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 thrown $54bn lifeline in rush to ward off global bank crisisCredit Suisse will borrow up to $54bn (about R990bn) from Switzerland’s central bank to shore up liquidity and investor confidence, after a slump in its shares intensified fears about a global banking crisis.
Source: TimesLIVE - 🏆 28. / 59 Read more »

UBS against the clock in Credit Suisse takeover talksUBS was up against the clock in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse.
Source: eNCA - 🏆 49. / 51 Read more »

Some Credit Suisse counterparties put curbs on new dealings involving lenderAt least four major banks have put restrictions on their trades involving Credit Suisse or its securities
Source: BDliveSA - 🏆 12. / 63 Read more »

UBS mulls Credit Suisse takeover amid US bank fallout: what you need to know | BusinessMultinational investment bank UBS has reportedly asked the Swiss government to cover about $6 billion (about R110 billion) in costs if it was to buy rival Credit Suisse. | News24_Business _Business I_am_Shev
Source: News24 - 🏆 4. / 80 Read more »

Want a loan to go solar? Here are some options and what you need to knowMassmart, in partnership with Retail Credit Solutions, is offering loans of up to R250,000 for South Africans looking to install solar. I'm definitely looking at this option...we didn't have electricity for 7 days in here Sebokeng...this is the way to save my business
Source: TimesLIVE - 🏆 28. / 59 Read more »

SpendTrend23 shows how SA spending habits have changed since Covid-19SPONSORED | Insights from Discovery Bank and Visa's research show 'our country's economy is often more resilient than we give it credit for'
Source: TimesLIVE - 🏆 28. / 59 Read more »