Reading Time: 3 minutes Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country’s second-biggest lender following the collapse of two U.S. banks. Credit Suisse announced the agreement before the Swiss stock market opened, sending shares up as much as 33% […]
Source: Collapsing ‘Too Big To Fail’ Bank Receives Massive Support From Central bank