Today news
About the same in other media
Swiss central bank to provide Credit Suisse liquidity backstop as shares battered
Reading now: 166
fnlondon.comThe Swiss National Bank has pledged to provide Credit Suisse with liquidity "if necessary" after the bank's share price tanked on concerns over its financial health.
A joint statement from the Swiss National Bank and regulator Finma looked to calm the storm around Credit Suisse, after its share price tumbled by as much as 30%. The slump followed comments from the chair of the Credit Suisse's biggest shareholder, the Saudi National Bank, which ruled out increasing its stake in the Swiss lender.
The...
Read more on fnlondon.comAbout this in other media
Swiss Central Bank Lifts Key Rate, Declares End to Bank Crisis wsj.com /1 year ago
Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedown cnbc.com /1 year ago
UBS-Credit Suisse deal dents Swiss banking’s reputation, hedge funds say fnlondon.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
