Credit Suisse To Borrow Up To $54 Billion In Bid To Calm Investor Fears
Thursday, 16 March 2023Newsdesk
The Swiss bank's problems have shifted the focus for investors and regulators from the United States to Europe, where Credit Suisse led a selloff in bank shares.
New Delhi 16 March 2023
As per news report of NDTV,Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.
Source - NDTV
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