Tuesday, March 28, 2023
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Swiss National Bank Extends $54 Billion Lifeline to Credit Suisse amid Crisis-Like Situation

The Credit Suisse stock jumped by over 40% in Thursday’s opening trade as the %54 billion credit line extended by the Swiss National Bank comes as a major relief. The global financial and banking system seems to be under major stress with veteran bank Credit Suisse facing a crisis-like condition.

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