Switzerland's Central Bank rescues troubled Credit Suisse - Eureka Free Press

Credit Suisse will be bailed out by the Central Bank of Switzerland in order to persuade investors that the business has enough cash to survive.

After a more than 24% decline in the company’s stock price, Credit Suisse will borrow $81 billion from the Swiss Central Bank.

The failure of US lenders Silicon Valley Bank and Signature Bank over the weekend, which resulted in a US government bailout, increased financial worries throughout the world including banks in Europe

READ MORE ON THIS STORY HERE: https://www.skynews.com.au/world-news/global-affairs/central-bank-of-switzerland-to-bail-out-credit-suisse/video/7315d8896b6826f98307e3c450781175

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