Credit Suisse Group AG sought to arrest a collapse in investor confidence Thursday by opening a 50 billion Swiss franc ($54 billion) credit line with the country’s central bank and offering to buy back debt, as executives and government officials plot ...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse to borrow nearly R1 trillion from Swiss central bank | BusinessCredit Suisse announced Thursday that it would borrow almost $54 billion (R996 billion) from the Swiss central bank to reinforce the group after a plunge in its share prices. | News24_Business
Read more »
Credit Suisse CEO urges patience amid financial sector sell-offUlrich Koerner says restructuring will take time as the collapse of Silicon Valley Bank throws markets into disarray
Read more »
Credit Suisse stock slumps to record low after Saudis rule out further fundingStock price drop reignites jitters among investors about the resilience of the global banking system after the collapse of Silicon Valley Bank
Read more »
Business Maverick: Credit Suisse Crisis Crushes a Favourite Investor Trade of 2023Investors betting on a further outperformance in European bank stocks in 2023 have been caught wrong footed by the meltdown in shares of Credit Suisse Group AG and fears of a recession.
Read more »
Credit Suisse stock slumps to record low after Saudis rule out further fundingStock price drop reignites jitters among investors about the resilience of the global banking system after the collapse of Silicon Valley Bank
Read more »
Credit Suisse fears rock Asian stocks; gold and dollar soarCredit crunch concerns leave markets on edge ahead of a European Central Bank meeting
Read more »