credit suisse news

Explainer: What is Credit Suisse crisis all about and how will it impact India?

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Explainer: What is Credit Suisse crisis all about and how will it impact India?

Zurich-headquartered Credit Suisse Group AG, which is the latest bank in news, is the second largest global investment bank and financial services firm in Switzerland. It is the 12th largest foreign bank in India, owning assets worth Rs 20,700 crore. However, the firm has been in financial trouble over the past 2-3 years and has … Read more

Credit Suisse shares soar after announcing Swiss Central Bank aid

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Credit Suisse shares soar after announcing Swiss Central Bank aid

The headquarters of Swiss bank Credit Suisse. | Photo Credit: AP Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss Central Bank. It’s a massive swing on March 16 after its shares plunged 30% on the SIX … Read more