Credit Suisse secures $54b lifeline as authorities rush to avert another global crisis

Credit Suisse secures $54b lifeline as authorities rush to avert another global crisis

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.