Tag: Suisse
Credit Suisse to borrow up to $54bn from Switzerland’s central bank – BBC News
Credit Suisse has said it will borrow up to 50bn Swiss francs (£44.5bn) from the country’s central bank to shore up its finances. The troubled banking giant said it is taking “decisive action” to strengthen and simplify its business. Shares in Credit Suisse fell 24% on Wednesday after it said it had found “weakness” in its financial reporting. #CreditSuisse #Switzerland Please subscribe HERE http://bit.ly/1rbfUog #CreditSuisse #Switzerland…
Credit Suisse: What is happening to the Swiss banking giant? – BBC News
Shares in Credit Suisse have plunged to a record low, in the wake of last week’s collapse of Silicon Valley Bank in the US. The Swiss bank – which has been beset by problems – saw its share price fall by as much as 30% at one point. Credit Suisse insists its financial position is not a concern. Investors are concerned about the state of the…