Credit Suisse secures $54B lifeline as authorities rush to prevent global bank crisis

By Reuters   March 15, 2023 | 07:47 pm PT
Credit Suisse secures $54B lifeline as authorities rush to prevent global bank crisis
The Credit Suisse logo adorns a sign at the entrance to their campus in Research Triangle Park in Morrisville, North Carolina, U.S., March 15, 2023. Photo by Reuters/Jonathan Drake
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.
 
 
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