Credit Suisse announced it would borrow up to 50 billion Swiss francs from the Swiss National Bank in a move to strengthen its liquidity amid dwindling stock prices. Fifty billion Swiss francs is the equivalent of $53.68 billion. Credit Suisse is the country’s second biggest lender. On Wednesday, Credit Suisse’s shares went down as much […]
source https://michaelantonio.biz/credit-suisse-to-borrow-up-to-50-billion-swiss-francs-from-swiss-national-bank/
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