16 March 2023 at 03:14 Credit Suisse receives a crisis loan of 500 billion The Swiss major bank Credit Suisse, which is threatened with collapse, says it will borrow up to 50 billion Swiss francs from Switzerland’s central bank. The bank is the country’s second largest. Credit Suisse says in a statement that the decision to lend the money has been taken to “preemptively strengthen the bank’s liquidity”, writes the Wall Street Journal. 50 billion Swiss francs corresponds to NOK 577 billion. Credit Suisse’s share price plummeted on Wednesday. In the USA, three banks have collapsed, and the turmoil on the stock exchanges both there and in Europe has been great.
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Credit Suisse receives a crisis loan of 500 billion – Latest news – news
