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The Latest Breaking News from the Swiss National Bank

Credit Suisse adds to fears of new GFC; rate hikes may be paused

European markets have turned sour with concerns now directed at Credit Suisse whose shares plunged 24 per cent to a record low.

The New Daily

Stocks Lower, Credit Suisse Lifeline, ECB Rate Decision, First Republic Sale, FedEx Earnings - Five Things To Know

Stocks futures slide as bank crisis concerns linger; Credit Suisse grabs $54 billion lifeline from Swiss National Bank; European Central Bank rate decision on deck as financial sector trembles; First Republic shares slump amid bank sale reports and FedEx earnings up next as cost-cutting accelerates.

The Street

ECB’s Lagarde insists banks much stronger than in 2008 after raising interest rates despite Credit Suisse turmoil – as it happened

ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil

The Guardian - UK

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Credit Suisse Says It Will Borrow Up to $53.7 bn from Central Bank

Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. The disclosure came just hours after the Swiss National Bank said capital and liquidity levels at the lender were adequate for a "systemically…

Asharq Al-Awsat

Banking fears spread to Europe, dragging down shares of big lenders

On the heels of bank failures in the U.S., shares of European bank Credit Suisse fall, prompting concerns about the health of the global banking system.

Chicago Sun-Times

Credit Suisse to borrow up to $54 billion from Switzerland's central bank

Credit Suisse is borrowing from the Swiss National Bank under a covered loan facility.

Axios

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