The EU says it is monitoring the evolution of the situation
The Credit Suisse bank announced at the end of the night of this Wednesday (15) that it should take a loan from the Swiss Central Bank, in the amount of about 54 billion dollars, to “preventively strengthen its liquidity” in the midst of the crisis which caused the company’s shares to fall on the market.
“This new liquidity will support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler, client-focused bank,” the statement added.
This Thursday (16th), the European stock exchanges opened with a good reaction to the measure, with increases in Milan (0.7%) – which yesterday fell by more than 4.6% -, in Frankfurt (1.62%) , in Paris (1.64%) and in London (1.6%).
The European Commission, on the other hand, declined to comment directly on the case involving Credit Suisse, but said that “it is closely following developments in the banking sector in the EU and we are in contact with the competent European and national authorities responsible for the supervision on the banks”. “As usual we do not comment on the daily movements of the market,” he also specified.
The negative effect, which follows a global trend, is due to the unwillingness of Saudi shareholders to make a new liquidity injection in the event of new requests. Moreover, it also happens at the same time as the collapse of Silicon Valley Bank (SVB), a major lender of startups and technology companies in Silicon Valley, California (USA), which is causing international markets to collapse. .
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
