Deals News Hubb
Advertisement Banner
  • Home
  • Business Deals
  • Shopping Deals
  • Contact
No Result
View All Result
  • Home
  • Business Deals
  • Shopping Deals
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home Business Deals

Credit Suisse to borrow $54B from Swiss National Bank

admin by admin
March 16, 2023
in Business Deals


Dan Kitwood/Getty Images News

Credit Suisse (NYSE:CS) said it will borrow as much as 50 billion francs ($54 billion) from the Swiss National Bank liquidity facility.

Credit Suisse (CS) also announced offers by Credit Suisse International to repurchase certain OpCo senior debt securities for cash of up to approximately 3 billion francs, according to a statement from Swiss bank.

“These measures demonstrate decisive action to strengthen Credit Suisse as we continue our strategic transformation to deliver value to our clients and other stakeholders,” Credit Suisse CEO Ulrich Koerner said.

Earlier Wednesday in an effort to calm investors and markets, the Swiss National Bank the Swiss market supervisory authority said Credit Suisse (CS) meets capital requirements, and SNB said it would provide liquidity to Credit Suisse if necessary.

Credit Suisse (CS) shares plunged almost 25% in Switzerland on Wednesday after the bank’s top shareholder ruled out offering further financial assistance to the troubled lender. The Saudi National Bank Chairman Ammar Al Khudairy told Bloomberg that the investor had no intention of giving a further capital injection to the bank.

Credit Suisse (CS) ADRs climbed 5.6% in after hours trading.



Source link

Previous Post

9 Ways to Save More at Booking.com

Next Post

5 foods a longevity expert eats each day to stay young

Next Post

5 foods a longevity expert eats each day to stay young

Recommended

Who Wants to Win a $500 Amazon Gift Card?

1 week ago

Exciting Seasonal Essentials To Shop From maurices Spring Collection

3 weeks ago

Hannon Armstrong Q4 revenue climbs, non-GAAP EPS slips (NYSE:HASI)

1 month ago

Where To Find Magic Mixies On Sale In Time for the Holidays

4 months ago

‘Ant-Man’ sequel carries its weight with strong $120M long weekend (NYSE:DIS)

1 month ago

Best Black Friday KitchenAid Mixer Deals

4 months ago
Deals-(-White-)

© Deals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Business Deals
  • Shopping Deals
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Business Deals
  • Shopping Deals
  • Contact

© 2022 Deals News Hubb All rights reserved.