Closing post
Phew, what a day, with financial markets gripped by fears over the banking sector as Britain’s chancellor outlined his budget.
The big news tonight is that Swiss regulators said Credit Suisse can access liquidity from the central bank if needed, as they race to assuage fears around the lender after it led a rout in European bank shares on Wednesday.
In a joint statement, the Swiss financial regulator FINMA and the nation’s central bank said that Credit Suisse “meets the capital and liquidity requirements imposed on systemically important banks.”
Governments and at least one bank were putting pressure on Switzerland to act, according to reports, as London’s stock market posted its biggest one-day loss in a year.
Here are today’s main stories, first on the Credit Suisse crisis:
And on the budget:
And in other news:
