Credit Suisse Borrows $54 Billion from Swiss National Bank Days After Revealing Material Weakness
Credit Suisse (NYSE:CS) has taken “decisive action” to buttress its balance sheet by tapping into a CHF 50 billion ($54 billion) loan from the Swiss National Bank. (SNB) In recent days, shares of Credit Suisse had been hammered by speculation that the bank was in… Read More
Read more in: Global, General News | Tagged banking, credit suisse, finma, swiss financial market supervisory authority, swiss national bank, switzerland, ulrich koerner