Credit Suisse will borrow up to $54bn (about R990bn) from Switzerland’s central bank to shore up liquidity and investor confidence, after a slump in its shares intensified fears about a global banking crisis.
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Credit Suisse thrown $54bn lifeline in rush to ward off global bank crisisCredit Suisse will borrow up to $54bn (about R990bn) from Switzerland’s central bank to shore up liquidity and investor confidence, after a slump in its shares intensified fears about a global banking crisis.
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