THE BASIS POINT

$54b relief for Credit Suisse for now stems $165b market value loss since March 8 for European banks

 
 
To pad liquidity & investor confidence, Credit Suisse borrowing up to $54b from Swiss central bank. May help sustain high rate strain. First lifeline for major global bank since 2008.

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Credit Suisse's $54 bln lifeline gives global banks tentative respite

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