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Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank

The New York Times – Business:

The Swiss lender had ended Wednesday fighting for its life, with shares at a record low and the cost to insure against a default the highest ever. The loan is an effort to avert further damage.

Andres R. Martinez
Author: Andres R. Martinez

This post first appeared in The New York Times – Business. Read the original article.

Written by

Andres R. Martinez

in

Credit Suisse Group AG, Finances, Greensill Capital, Saudi National Bank, Swiss Financial Market Supervisory Authority, Swiss National Bank
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