Inflation Or Depression: Credit Suisse To Secure $54 Billion From Swiss Central Bank

Credit Suisse (NYSE: CS) has announced that it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss central bank to shore up its finances. As part of its efforts to become a simpler bank, the lender said it was taking quick action to bolster its liquidity. The company’s shares plunged 24% … Continue reading Inflation Or Depression: Credit Suisse To Secure $54 Billion From Swiss Central Bank