Credit Suisse bank action They fall hard again on Friday part-time 8% despite massive financial aid from the Swiss central bank announced on Wednesday.
The bank, which lost 24% of its market value on Wednesday but recovered 19% on Thursday after announcing it would receive financial aid from the Swiss National (Central) Bank, opened today’s session on a positive note but rallied loss in a few minutes.
Investors remain wary of the price of the bank, one of Europe’s 20 largest, after its main shareholder, Saudi National Bank, announced it would no longer invest in it (which influenced the stock market crash two days ago ). the swiss national bank will help him next.
The Swiss National Bank promised in the early hours of Wednesday through Thursday to lend 50,000 million francs (50,600 million euros) to Credit Suisse.
The Swiss government yesterday held a meeting with the central bank authorities and with the country’s securities regulatory commission (Finma) to analyze the bank’s complicated situation, while not issuing public statements on the matter (it could do so today, after its regular weekly meeting).
Source: Clarin
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