The Swiss National Bank rushes to help CS with a lot of money. This ensures a price recovery – but that does not solve all the problems.
The Swiss National Bank pledged its support to Credit Suisse on Wednesday evening.
Credit Suisse (CS) announced on Thursday night that it wanted to take advantage of the Swiss National Bank’s (SNB) offer of a loan of up to CHF 50 billion. According to the bank, a secured credit facility and a short-term liquidity facility are available. The use of the SNB loan will further strengthen the bank’s liquidity coverage ratio “with immediate effect”.
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