European markets higher; bank stocks up 1.3% as Credit Suisse soars

European markets higher; bank stocks up 1.3% as Credit Suisse soars

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European markets were higher Thursday as regional investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop to beleaguered bank Credit Suisse. Shares of Credit Suisse soared as much as 30% in early trade on the news, before settling to a 22% gain…

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