by Raahil Shah | Mar 16, 2023 | Financial Institution Bonds, Financial Institutions
Swiss lender Credit Suisse (CS) saw a fresh round of selling in its stock and bonds on Wednesday amid heightened concerns over its financial position. While CS has been marred by a string of negative news since September last year, the most recent selloff was...
by Raahil Shah | Mar 16, 2023 | Financial Institution Bonds
Shortly after its stock and bonds plummeted, Credit Suisse announced that it will be exercising its option to borrow up to CHF 50bn ($54bn) from the Swiss National Bank to boost its liquidity. Credit Suisse also announced a tender offer of over $3bn to buyback some of...
