Credit Suisse shares soar after central bank offers lifeline

Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank

March 16, 2023

Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs (US$54 billion) to bolster confidence in the country's second-biggest lender and blunt concerns about the international financial system following the collapse of two U.S. banks.