Swiss authorities’ £44bn loan only buys time for Credit Suisse
Midnight manoeuvres by central bankers don’t always work, but the Swiss National Bank clearly did the right thing by advancing a CHF50bn (£44bn) liquidity facility to beleaguered Credit Suisse. The action has bought some time for everybody to breathe and take stock. Credit Suisse itself did its…
#swissnationalbank #chf50bn #creditsuisses #ulrichkörners #everythings #swissbank #ubs #deutschebank #siliconvalleybank