Credit Suisse shares soar 30% on Swiss National Bank loan announcement.
The embattled Swiss lender announced late on Wednesday that it would exercise its option to borrow from the central bank under a covered loan facility and a short-term liquidity facility.that Credit Suisse "meets the capital and liquidity requirements imposed on systemically important banks.
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Credit Suisse borrows more than $50B from Swiss National Bank after shares crash 30%Credit Suisse said it would borrow up to 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank.
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Credit Suisse borrows more than $50B from Swiss National Bank after shares crash 30%Investors sent shares in the country's second-biggest lender crashing by as much as 30% Wednesday.
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Credit Suisse borrows more than $50B from Swiss National Bank after shares crash 30%Investors sent shares in the country's second-biggest lender crashing by as much as 30% Wednesday.
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Credit Suisse borrows more than $50B from Swiss National Bank after shares crash 30%Investors sent shares in the country's second-biggest lender crashing by as much as 30% Wednesday.
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Credit Suisse intends to borrow up to 50 bln Swiss francs from Swiss National BankCredit Suisse Group AG said on Thursday it intended to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called 'decisive action' to boost its liquidity.
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Credit Suisse Teeters as Shares Slide 30 PercentShares in Credit Suisse, one of the world’s largest investment banks, tumbled by 30 percent Wednesday morning.
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