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Credit Suisse To Borrow Up To $54 Billion In Bid To Calm Investor Fears
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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Indian money in Swiss banks dips to record low at Rs 9,000 crore
Indian money deposited in Swiss banks has fallen to a record low of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system has made it difficult for their global clients.
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Credit Suisse To Borrow Up To $54 Billion In Bid To Calm Investor Fears
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.
-
Indian money in Swiss banks dips to record low at Rs 9,000 crore
Indian money deposited in Swiss banks has fallen to a record low of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system has made it difficult for their global clients.
