Shares rise as Wall Street swoops to rescue First Republic

Shares rise as Wall Street swoops to rescue First Republic

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Shares in Credit Suisse sank earlier in the week on concerns over its future, before the Swiss National Bank said on Wednesday that it was supplying the bank with up to £44bn in emergency funds. The moves have hurt the values of the large portfolios of bonds bought by banks when rates were lower,…

#swissnationalbank #siliconvalleybank #usfederalreserve #bankofengland

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