Shares in Credit Suisse surged 30% in pre-market trading on Thursday after receiving nearly $54 billion in loans from the Swiss National Bank.

(Reuters)

[Financial Channel/Comprehensive Report] Credit Suisse Group (Credit Suisse) announced on Wednesday (15th) that it will borrow up to 50 billion Swiss francs (approximately NT$1.64 trillion, US$53.7 billion) from the Swiss National Bank through guaranteed loans. After the "money", Credit Suisse Group's stock price rebounded from a record low and soared by at least 30% before the market on Thursday (16th).

Andreas Venditti, equity strategist at Bank Vontobel, said the support from Swiss authorities after yesterday's extreme volatility in Credit Suisse's shares was a strong and important signal, Reuters reported. "We hope these measures will calm the market and break the vicious cycle."

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Analysts at JPMorgan Chase pointed out that the Swiss National Bank’s loan support is not enough to ease investors’ concerns, and believes that “the acquisition of Credit Suisse” is the most likely scenario, especially the acquisition by rival UBS.

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