affected by the banking crisis Credit Suisse, Swiss National BankIt receives a $54 billion loan from
March 15shares on Wednesday 30 percentdepreciated over Credit Suisse, Swiss National Bankfrom 5 0 billion francs($54 billion) announced that it will borrow.
Steps Taken to Stabilize the Bank Again
2008These moves, unprecedented in a major Swiss credit institution since the financial crisis in Credit Suisse It is very important to strengthen the liquidity of . Bank’s shares Mar 15 t fell as much as 31 percent on Wednesday. The suspicions against the bank after this development, combined with the global sales in banking stocks, put the bonds in deep financial trouble.
After this crisis, the government, the central bank and financial regulator Finma began to look for ways to re-stabilize the bank.
Chief Executive Officer Ulrich Koerner “These measures demonstrate that we are taking decisive steps to strengthen Credit Suisse as we continue our strategic transformation. “My team and I are committed to moving quickly to deliver a simpler and more focused bank built around customer needs.”
roots 1856 Switzerland’s second largest credit institution, which dates back to 2000, has faced many problems over the past few years. The company lived in last year 7.3 billion The loss of francs swept away the profits of the previous ten years. The bank’s strategy changes in recent years have so far failed to win over investors or stop customer exits.
