Credit Suisse to borrow USD 53.7 Bn from the Swiss Central Bank to reinforce group: WSJ
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Credit Suisse on Thursday announced that it would borrow almost USD 53.7 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. The giant lender's shares dropped as much as 24%. According to The Wall Street Journal, Credit Suisse, by doing this, plans to shore up its liquidity, capping a day in which fears about the health of global banks leapfrogged to Europe from North America.
