News Link • Global

Central Banks/Banking

Bailout Arrives: Credit Suisse To Borrow $54BN From SNB To "Pre-emptively Strengthen Liquidity*

03-16-2023 • https://www.zerohedge.com, by Tyler Durden

Update (21:00ET): And so, the "bailout" arrives just a few hours before the Europe open, Credit Suisse said it's planning to borrow from the Swiss National Bank up to CHF50 billion ($54 billion) under a covered loan facility which is "fully collate