Tag: global bank crisis

Credit Suisse signage on the floor of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Posted in Business

Credit Suisse rescue sends relief, but First Republic shares slump continues

 March 21, 2023  Leave a Comment on Credit Suisse rescue sends relief, but First Republic shares slump continues

Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader…

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Credit Suisse gets $54 bn loan from Swiss central bank as shares slump
Posted in Business

Credit Suisse gets $54 bn loan from Swiss central bank as shares slump

 March 16, 2023  Leave a Comment on Credit Suisse gets $54 bn loan from Swiss central bank as shares slump

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after…

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