: Credit Suisse to borrow about $54 billion from Swiss central bank

Credit Suisse announced late Wednesday it was taking “decisive action” and borrowing up to 50 billion Swiss francs — about $54 billion — to ease investors’ fears.

The move comes as Credit Suisse stock CS plunged Wednesday to an all-time low, sparking new fears of a global banking crisis.

Read more: Here’s why a failure of Credit Suisse matters…

This post was originally published on MarketWatch

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