Tag: European banks

Credit Suisse shares soar after announcing Swiss Central Bank aid

Credit Suisse shares soar after announcing Swiss Central Bank aid

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The headquarters of Swiss bank Credit Suisse. | Photo Credit: AP Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss Central Bank. It’s a massive swing on March 16 after its shares plunged 30% on the SIX […]

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Credit Suisse to borrow billion from Swiss central bank

Credit Suisse to borrow $54 billion from Swiss central bank

cpooldigitalLeave a Comment on Credit Suisse to borrow $54 billion from Swiss central bank

Swiss bank Credit Suisse said on March 16 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 bank failures in the United States. Credit Suisse said it would exercise an option to borrow […]

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