Major investment bank reportedly near deal to acquire Credit Suisse
Former Federal Reserve Governor Robert Heller, Solus Alternative Asset Management strategist Dan Greenhaus and Zaye Capital Markets CIO Naeem Aslam discuss the Fed's rate hike trajectory as Credit Suisse instability threatens global markets.
of over $50 billion from the Swiss National Bank in a move the company said is a "decisive action" to boost its liquidity amid a global banking crisis following the collapse of Silicon Valley Bank and concerns about Credit Suisse’s future outlook. The frenzied weekend negotiations come after a brutal week for banking stocks and efforts in Europe and the United States to shore up the sector which was rocked by theof Silicon Valley Bank which represented the second-largest bank collapse in U.S. history.
Switzerland is preparing to use emergency measures to fast-track the deal, the Financial Times reported, citing two people familiar with the situation.
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