Credit Suisse $54 billion lifeline offers limited respite to global banks

The European banking index, initially rose following the intervention, but was virtually flat by 1130 GMT

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Photo: Bloomberg

3 min read Last Updated : Mar 16 2023 | 10:19 PM IST

Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland's central bank, after a slump in its shares had intensified f

Topics : Credit Suisse | banking crisis | Investors | Liquidity

First Published: Mar 16 2023 | 8:03 AM IST

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Credit Suisse $54 billion lifeline offers limited respite to global banks

The European banking index, initially rose following the intervention, but was virtually flat by 1130 GMT

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