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Credit Suisse welcomed the willingness of the Swiss Central Bank to provide support
Credit Suisse welcomes the willingness of the Swiss Central Bank to provide support – RIA Novosti, 16.03.2023
Credit Suisse welcomed the willingness of the Swiss Central Bank to provide support
One of Switzerland’s largest banks, Credit Suisse, has announced that it welcomes the statement from the central bank and the Swiss Financial Market Supervisory Authority RIA Novosti, 03/16/2023
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ZURICH, March 16 – RIA Novosti. Credit Suisse, one of Switzerland’s largest banks, said it welcomed the statement from the central bank and the Swiss Financial Market Supervisory Authority (FINMA) that they were ready to lend their bank support. On Wednesday, the Swiss Central Bank and FINMA said Credit Suisse meets the capital and liquidity requirements of systemically important banks, if necessary the Swiss National Bank will provide it with liquidity. Earlier, Rich Dad Poor Dad financial commentator and best-selling author Robert Kiyosaki said the next bank to fail after US bank Silicon Valley (SVB) collapsed will be one of the biggest Swiss banks Credit Swiss. He accurately predicted the collapse of US banking giant Lehman Brothers in 2008. Credit Suisse Group’s major shareholder, the Saudi National Bank, later ruled out bailing out the Swiss bank, citing regulatory concerns. In this context, the Credit Suisse share fell 24.2% at the close on Wednesday, to 1.7 Swiss francs per share, and in stock market prices, the fall exceeded 30%.
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Credit Suisse welcomed the willingness of the Swiss Central Bank to provide support
ZURICH, March 16 – RIA Novosti. Credit Suisse, one of Switzerland’s largest banks, said it welcomed the statement from the central bank and the Swiss Financial Market Supervisory Authority (FINMA) that they were ready to lend their bank support.
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“We welcome the announcement of support from the Swiss National Bank and financial market watchdog FINMA,” Credit Suisse tweeted.
On Wednesday, the Swiss Central Bank and FINMA said Credit Suisse meets the capital and liquidity requirements of systemically important banks, if necessary the Swiss National Bank will provide it with liquidity.
In this context, the Credit Suisse share fell 24.2% at the close on Wednesday, to 1.7 Swiss francs per share, and in stock market prices, the fall exceeded 30%.
