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UpTickMeA$AP

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UpTickMeA$AP

Re: Stevenvegas post# 107

Thursday, 03/16/2023 12:09:01 AM

Thursday, March 16, 2023 12:09:01 AM

Post# of 337
Looks like, it is needed..

Credit Suisse Group AG arranged to borrow as much as 50 billion francs ($54 billion) from the Swiss National Bank and offered to repurchase debt in a bid to reverse a collapse in market confidence.

The troubled lender will borrow from a liquidity facility and is making a tender offer to buy back up to three billion francs of dollar- and euro-denominated debt, according to a statement



https://www.bloomberg.com/news/articles/2023-03-16/credit-suisse-to-borrow-as-much-as-54-billion-from-central-bank?leadSource=uverify%20wall


Wonder how the market will react. Both positive, and negatives to this.

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People kill for money. What makes you think they will not lie to you for yours?

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