Replies to post #107 on Credit Suisse Group (fka CS)

[UpTickMeA$AP]

Yes, good news.

Could pop pretty hard. Stay glued to the information.

[UpTickMeA$AP]

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.