: Credit Suisse shares jump after saying it will borrow from SNB and buy back debt

0
12

Credit Suisse CSGN, -24.24% shares jumped in opening trade, recently up over 30% after saying it intended to exercise its option to borrow from the Swiss National Bank up to 50 billion francs and buying back 3 billion francs worth of debt. European banks also rallied at the start of trade.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleMarket Extra: Here’s why a failure of Credit Suisse matters to U.S. investors
Next articleMicrosoft, Amgen and five others buck downward trend as Dow skids 475 points

LEAVE A REPLY

Please enter your comment!
Please enter your name here