03-18-2023, 05:49 PM
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Planar Protector
Join Date: Jan 2020
Posts: 2,727
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https://abc7chicago.com/credit-suiss...tock/12960048/
Quote:
Credit Suisse borrows more than $50B from Swiss National Bank after shares crash 30%
Hours after the Swiss central bank said it was ready to provide financial support to Credit Suisse, the beleaguered megabank took it up on the offer, hoping to reassure investors that it had the necessary cash to stay afloat.
Credit Suisse said it would borrow up to 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank. Investors sent shares in the country's second-biggest lender crashing by as much as 30% Wednesday.
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Attachment 21277
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Last edited by Rogean; 04-17-2024 at 05:01 PM..
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