The Credit Suisse Flip-Flop
2023 • 13min • News • Business
After the Silicon Valley Bank collapse, Credit Suisse spooked investors. The Swiss bank will borrow up to $54 Bn from Swiss National Bank to shore up liquidity and support investor confidence after a flash crash in its shares intensified fears about a global banking crisis. Is it a relief for the touted Lehman Moment for the banking sector? Find out.