Media: Bank of England held urgent discussions due to crisis with Credit Suisse

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Media: Bank of England held urgent discussions due to crisis with Credit Suisse

Media: Bank of England held urgent negotiations due to crisis with Credit Suisse FREE NEWS

Media: Bank of England held urgent discussions due to crisis with Credit Suisse

The Bank of England has held emergency talks with international partners amid the crisis around the major Swiss bank Credit Suisse, reports the newspaper… RIA Novosti, 03/16/2023

2023-03-16T05:14

2023-03-16T05:14

2023-03-16T05:14

Swiss

England

credit suit

lehman brothers

Silicon Valley bankruptcy

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MOSCOW, March 16 – RIA Novosti. The Bank of England has held emergency talks with international partners amid the crisis around major Swiss bank Credit Suisse, the Telegraph newspaper reports. Earlier, Credit Suisse said it welcomed the announcement from the central bank and the Swiss Financial Market Supervisory Authority (FINMA) on their willingness to provide support to the bank. 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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switzerland, england, credit suisse, lehman brothers, silicon valley bank failure

Media: Bank of England held urgent discussions due to crisis with Credit Suisse