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Credit Suisse's Market Impact and Challenges.

1 min read
Source: CNBC
Credit Suisse's Market Impact and Challenges.
Photo: CNBC
TL;DR

European markets were up as the Swiss National Bank announced it would provide a liquidity backstop to Credit Suisse, which saw its shares soar by as much as 30%. The pan-European Stoxx 600 index was up 0.4% in morning trade, with gains led by a rally in bank stocks, which were up 1.3%. Credit Suisse announced it will borrow up to $54bn from the Swiss central bank under a covered loan facility and a short-term liquidity facility.

Topics:businessfinance#bank-stocks#credit-suisse#european-markets#finance#liquidity-backstop#swiss-national-bank
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  1. European markets higher; bank stocks up 1.3% as Credit Suisse soars  CNBC
  2. Nouriel Roubini on Credit Suisse Crisis, Inflation, Strategy  Bloomberg Television
  3. Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank  CNBC
  4. Credit Suisse: It Must Stem Outflows From Rich Asians  Bloomberg
  5. Opinion | Regulators must stop Credit Suisse from spiraling out of control  The Washington Post

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