Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank


stock market recession worthy christian news

(Worthy News) – Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.

The decision comes shortly after shares of the lender fell sharply Wednesday, hitting an all-time low for a second consecutive day after its top investor Saudi National Bank was quoted as saying it won’t be able to provide further assistance.

The latest steps will “support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs,” the company said in an announcement. [ Source: CNBC (Read More…) ]

15
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Trump and Starmer Set to Launch “Golden Age” of Nuclear Power with Landmark U.S.-U.K. Deals
Archaeologists Unearth Roman Council Hall in Laodicea Marked with Early Christian Symbols
IDF Launches Second Phase of Operation Gideon’s Chariots in Gaza City
Israel Reportedly Backs Druze Fighters in Syria as U.S. Pressures Damascus Toward Security Pact with Jerusalem
U.S. Military Conducts Second Strike on Venezuelan Vessel, Killing Three in Escalating Anti-Drug Campaign
IDF Tanks Enter Heart of Gaza City as Ground Invasion Begins
Trump ‘100%’ Supports Designating Antifa A Domestic Terror Organization
Memorial Service Set For Charlie Kirk; Kelly Calls For Unity
Senate Republicans Cement ‘Nuclear Option,’ Permanently Changing Voting Rules
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News