The 167-year-old Credit Suisse is the biggest name ensnared in the market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week, and its slide has fanned fears of broader banking problems.
that could see the Swiss government offer a guarantee against the risks involved, two people with knowledge of the matter said.Credit Suisse is the biggest name ensnared in the market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week, and its slide has fanned fears of broader banking problems.
The bank's share price swung wildly this week, during which it was forced to tap $54 billion in central bank funding, and Credit Suisse had lostThe mood in Switzerland, long considered an icon for banking stability, was pensive as executives wrestled with the future of the country's biggest lenders.
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