.jpg){kind=avatar}
Credit Suisse executives held talks with representatives from the SNB and Finma on Wednesday afternoon after the bank’s equity and bonds plunged in value following the failure of three US banks last week. The steep share price decline came after the chair of the Saudi National Bank, which bought a 10% stake in Credit Suisse last year, ruled out providing the Swiss lender with any more financial assistance.
“Credit Suisse meets the higher capital and liquidity requirements applicable to systemically important banks,” the SNB and Finma said. “In addition, the SNB will provide liquidity to the globally active bank if necessary.”
https://www.ft.com/content/0324c5a6-cecd-4fb3-85b3-7cdc99a33e4e
