Swiss Central Bank Ready To Backstop Credit Suisse With Funds

Eurasia Review

15 Mar 2023 0 shares 1 views

Swiss Central Bank Ready To Backstop Credit Suisse With Funds

Swiss Central Bank Ready To Backstop Credit Suisse With Funds

Eurasia Review

Published 15 Mar 2023

The Swiss National Bank (SNB) stands ready to provide Credit Suisse with emergency liquidity as the bank’s shares plummeted in a day of market turmoil.

The central bank issued a joint statement with the Swiss Financial Market Supervisory Authority (FINMA) on Wednesday evening in an attempt to calm markets.

Credit...

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