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Credit Suisse to borrow up to 50 bln Swiss francs from Swiss National Bank

Credit Suisse to borrow up to 50 bln Swiss francs from Swiss National Bank

March 16, 2023

Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.

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