{"id":1888051,"date":"2023-03-15T23:12:48","date_gmt":"2023-03-16T03:12:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-borrows-over-50b-from-swiss-national-bank-after-shares-crash-by-nearly-one-third\/"},"modified":"2023-03-15T23:13:50","modified_gmt":"2023-03-16T03:13:50","slug":"credit-suisse-borrows-over-50b-from-swiss-national-bank-after-shares-crash-by-nearly-one-third","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-borrows-over-50b-from-swiss-national-bank-after-shares-crash-by-nearly-one-third\/","title":{"rendered":"Credit Suisse borrows over $50B from Swiss National Bank after shares crash by nearly one-third"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcredit-suisse-borrows-over-50b-from-swiss-national-bank-after-shares-crash-by-nearly-one-third%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1888051&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78917034\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Hunter Biden laptop letter signers will \u2018fully cooperate' with GOP investigation, lawyer says\">               <meta itemprop=\"description\" content=\"The lawyer representing ex-intelligence officials who signed the infamous Hunter Biden laptop letter in October 2020 baselessly claiming Russian involvement says his clients will \"fully cooperate\" with the GOP investigation. Mark Zaid, who most notably represented the Ukraine whistleblower in the impeachment effort against former President Donald Trump, is now representing six of the 51 laptop letter signatories, and he told the Washington Examiner that \"we intend to fully cooperate, but we will not do so silently.\"\">               <meta itemprop=\"duration\" content=\"PT2M39S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-15 21:49:28\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1263418_th_1678917031.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1263418.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78917034\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1263418\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/credit-suisse\" target=\"_blank\" rel=\"noopener\">Credit Suisse<\/a> <span class=\"ArticlePage-articleBody-firstLetter\">b<\/span>More than $50 billion was borrowed from the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/switzerland\" target=\"_blank\" rel=\"noopener\">Swiss<\/a> National Bank, after its shares plummeted by almost 30% <\/p>\n<p>The equivalent of $53.7 trillion was borrowed by the banking powerhouse in a loan described as &#8220;The Bank&#8217;s Loan&#8221;. &#8220;decisive action to pre-emptively strengthen its liquidity,&#8221; CNN <a class=\"Link\" href=\"https:\/\/www.cnn.com\/2023\/03\/15\/investing\/credit-suisse-shares-saudi-national-bank\">reported<\/a>. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-donates-more-than-70-million-social-justice\" target=\"_blank\" rel=\"noopener\">SVB COLLAPSE BANK DONATED OVER $70 MILLION to BLACK LIVES MATTER GROUPS BEFORE LOSURE<\/a><\/b> <\/p>\n<p>Credit Suisse, Switzerland\u2019s second-largest bank, accepted the offer by the central bank within hours. There was concern that the bank might run out of cash after this move. Credit Suisse stock prices were smashed Wednesday by investors. <\/p>\n<p>&#8220;This additional liquidity would support Credit Suisse&#8217;s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs,&#8221; The bank stated this in a statement. <\/p>\n<p>The credit crisis at Credit Suisse erupted shortly after the collapse of the United States. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a>. Although not directly related, the impact on the stock of the Swiss bank was amplified due to investor fears following the Atlantic banking collapse. <\/p>\n<p>Credit Suisse has had a number of scandals in the past, but Wednesday presented its greatest challenge. The catalyst was a televised interview by Ammar al Khudairy with the Saudi National Bank&#8217;s chief shareholder. <a class=\"Link\" href=\"https:\/\/www.nytimes.com\/2023\/03\/15\/business\/credit-suisse-shares-saudi.html\">According to<\/a> The <i>New York Times<\/i>. He stated that Credit Suisse would no longer be given any money in the interview. <\/p>\n<p>Global repercussions could be caused by Wednesday&#8217;s plunge. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\">CLICK HERE TO READ MORE ABOUT THE WASHINGTON EXAMINER<\/a><\/b> <\/p>\n<p>&#8220;[Credit Suisse] is much more globally interconnected, with multiple subsidiaries outside Switzerland including in the US,&#8221; Andrew Kenningham, chief Europe economist at Capital Economics, told CNN. &#8220;Credit Suisse is not just a Swiss problem but a global one.&#8221; <\/p>\n<p>Credit Suisse has an estimated $573 billion of total assets.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More From <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/credit-suisse-50-billion\">Credit Suisse borrows over $50B from Swiss National Bank after shares crash by nearly one-third<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit Suisse borrowed over $50 billion from the Swiss National Bank after its shares tanked by nearly 30%. The banking powerhouse borrowed the equivalent of $53.7 billion in a loan described by the bank as \u201cdecisive action to pre-emptively strengthen its liquidity,\u201d CNN reported. SVB COLLAPSE: BANK DONATED OVER $70 MILLION TO BLACK LIVES MATTER<\/p>\n","protected":false},"author":1,"featured_media":1897288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[21841,5373,21840,6444,6178,4107,12403,4790,18299,14166],"class_list":["post-1888051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-50b","tag-bank","tag-borrows","tag-crash","tag-credit","tag-national","tag-one-third","tag-shares","tag-suisse","tag-swiss"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1888051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1888051"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1888051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897288"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1888051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1888051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1888051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}