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The Credit Suisse Flip-Flop

2023 • 13min • News • Business

Informative

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.