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Evening Standard

Business

City Staff

FTSE 100 Live: Top US banks in First Republic rescue, FTSE closes at 7410 as Credit Suisse fears ease

Credit Suisse Deliveroo Switzerland

Credit Suisse’s move to borrow up to £44 billion from Switzerland’s central bank today led to a calmer session after yesterday’s turmoil for European banking stocks.

The FTSE 100 index slumped 3.8% by last night but stood 1% higher today after the troubled bank said it was taking “decisive action to pre-emptively strengthen liquidity”.

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