Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline
Credit Suisse shares jumped after the bank said it would tap a more than $50 billion lifeline from the Swiss National Bank SNBN 2.44%increase; green up pointing triangle, but analysts remained wary about the lender’s prospects.
Investor confidence in the Swiss bank deteriorated rapidly this week, after investors turned their attention to the struggling lender following the collapse of two large banks in the U.S.
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