![]() ![]() certainly stirred up risk-off sentiment and caused volatility in the European markets. Nonetheless, existential questions about a large international bank based in Europe soon after the closure of a couple of banks across the pond in the U.S. "Credit Suisse has its own issues, which do not necessarily spill over into systemic risks of the European banking system. REDMOND WONG, GREATER CHINA STRATEGIST AT SAXO MARKETS, HONG KONG Here are some comments from market analysts: SINGAPORE (Reuters) - Credit Suisse said on Thursday 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.Įfforts by regulators and financial executives to ease contagion fears sparked by last week's collapse of Silicon Valley Bank (SVB) had brought some brief stability to markets, but worries over Credit Suisse on Wednesday brought back jitters about a banking crisis. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close ![]()
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