Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank

Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank

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Credit Suisse announced it will be borrowing up to 50 billion Swiss francs, about $53.68 billion, from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. The decision comes shortly after shares of the lender fell sharply Wednesday, hitting an all-time low…

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