Por: Associated Press Business March 16, 2023
GENEVA (AP) — Swiss bank Credit Suisse said Thursday it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of Credit Suisse said would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the central bank.“This additional liquidity would support Credit Suisse’s core businesses and clients as Credit Suisse... + full article
The Boston Globe USA Business March 16, 2023
Credit Suisse, the 166-year-old institution that was once an emblem of Swiss pride, is fighting for its life after investors, fearing that the bank would run out of money, dumped its stock and sent the price of insuring its debt against a default skyrocketing.After the close of... + más
UBS Buying Rival Credit Suisse In $3.2 Billion Rescue Deal | Forbes
UBS Agrees to Buy Rival Credit Suisse | The New York Times
CNBC USA Business March 16, 2023
In this articlewatch nowVIDEO2:4302:43Credit Suisse plans to borrow about $54 billion from central bank announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity... + más
Credit Suisse to borrow up to $54B from Swiss National Bank | Fox Business
Fox Business USA Business March 16, 2023
Former Federal Reserve Governor Robert Heller, Solus Alternative Asset Management strategist Dan Greenhaus and Zaye Capital Markets CIO Naeem Aslam discuss the Fed's rate hike trajectory as Credit Suisse instability threatens global markets. Credit Suisse Group says it... + más
Credit Suisse to borrow more than $53 billion from Swiss central bank | Portland Press Herald
Credit Suisse to borrow $54 billion from Swiss central bank | Associated Press
Former Federal Reserve Governor Robert Heller, Solus Alternative Asset Management strategist Dan Greenhaus and Zaye Capital Markets CIO Naeem Aslam discuss the Fed's rate hike trajectory as Credit Suisse instability threatens global markets. The Swiss National Bank (SNB)... + más
UBS to purchase Credit Suisse amid fallout from U.S. bank collapses | CBS News
Portland Press Herald USA World March 16, 2023
Fears for the stability of the global financial system rose Wednesday after Credit Suisse disclosed problems in its financial reporting and said it would tap more than $53 billion in aid from Switzerland’s central bank, raising turmoil in the markets in the wake of Silicon... + más
CBS News USA Business March 15, 2023
Credit Suisse shares tumbled to an all-time low on Wednesday, stoking fresh jitters over the health of the broader banking sector following the .The Swiss bank's plunged as low as $1.88 per share on Wednesday afternoon – a 25% drop from the previous day's close —... + más
Asia's regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal | CNBC
Fox Business USA Business October 29, 2022
Former FDIC Chair Sheila Bair discusses Credit Suisse's issues as the U.S. faces economic challenges and how the Fed will keep financial systems 'stable.' Credit Suisse Group AG is by 5% in the fourth quarter and plans to trim its headcount even more by 2025, the... + más
Credit Suisse seeks to calm market jitters | Fox Business
How a social media frenzy around Credit Suisse rattled its stock | Fox Business
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