Central Bank of Switzerland to bail out Credit Suisse #Central #Bank #Switzerland #bail #Credit #Suisse #englishheadline


The Central Bank of Switzerland will be bailing out Credit Suisse to reassure investors the company has enough money to stay afloat.

This comes after Credit Suisse’s shares nosedived by more than 24 per cent, and the company will borrow $81 billion from Switzerland’s Central Bank.

Adding to global financial jitters, American lenders Silicon Valley Bank and Signature Bank collapsed over the weekend, leading to a US government bailout.

English Headline

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