March 16, 2023 00:58 GMT
Credit Suisse Group Takes Decisive Action To Pre-Emptively Strengthen Liquidity
Credit Suisse note that the bank will borrow up to CHF50bn from the SNB as it takes “decisive action to pre-emptively strengthen liquidity.” The bank also announces public tender offers for debt securities, covering up to ~CHF3bn of senior debt securities issued by the bank’s operating company. The Bank has noted that the additional liquidity would support core businesses and clients.
- The full corporate press release is available here.