What Just Happened at Credit Suisse?

[The Journal.]

As fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern.



Further Reading:

- Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline

- Credit Suisse Promises Overhaul in Wake of Rout as Regulators Offer Lifeline

- Janet Yellen Says Banking System Is Healthy After SVB Collapse



Further Listening:

- Can the Government Contain a Banking Crisis?

- The Economy Is Too Hot for the Fed




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