 "Credit Suisse")
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 fears of a global banking crisis.
Following the bank's announcement, which came in the middle of the night in Zurich, Credit Suisse shares briefly bounced back from Wednesday'’ 25 per cent wipe out, but ceded some ground by late morning.
The European banking index, initially rose following the intervention, but was virtually flat by 1130 GMT.
Credit Suisse is the first major global bank to be thrown an
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