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Credit Suisse to Get Liquidity Backstop if Needed, SNB Says

by Index Investing News
March 16, 2023
in Financial
Reading Time: 1 min read
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Shares in Credit Suisse fell by a record amount Wednesday and its bonds fell to levels that signal deep financial distress, as doubts over the scandal-ridden lender combined with a global selloff in banking stocks. Credit Suisse remains above regulatory capital and liquidity minimums, though it has suffered historic withdrawals by clients nervous over its future direction. 





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