banking giant

Thursday March 16, 2023

Credit Suisse shares soar after the bank secures a $54 billion lifeline

The company logo is seen at the global headquarters of Swiss bank Credit Suisse in Zurich, Switzerland. Arnd Wiegmann/Getty Images hide caption

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Arnd Wiegmann/Getty Images

Business

Credit Suisse shares soar after the bank secures a $54 billion lifeline

March 16, 2023 • Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.