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16 March 2023

Credit Suisse to borrow up to $54bn from Swiss central bank

Credit Suisse plans to borrow up to SFr50bn ($54bn) from the Swiss central bank and buy back about SFr3bn of its debt, in an attempt to boost its liquidity and calm investors a day after the bank’s share price plummeted.

The Swiss National Bank had said on Wednesday it was willing to provide ...

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