Credit Suisse's Crisis Continues to Impact Markets and Cryptocurrency.

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Source: CNBC
Credit Suisse's Crisis Continues to Impact Markets and Cryptocurrency.
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TL;DR Summary

Credit Suisse shares fell around 5% in early trade Friday after soaring over the previous session as the embattled lender said it will borrow up to 50 billion Swiss francs from the Swiss National Bank. The bank is undergoing a massive strategic overhaul aimed at restoring stability and profitability after a litany of losses and scandals. However, capital markets and stakeholders appear unconvinced, with the bank's default risk surging to crisis levels, and experts suggesting that Credit Suisse needs to go further to restore investor confidence.

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