Power Breakfast: Swiss Central Bank Throws Financial Lifeline To Credit Suisse After Shares Pummelled
Zee Business Video Team | Updated: March 16, 2023 08:35 AM IST
US market recovered after Swiss regulator's statement. Dow dropped 280 points. Whereas, the Nasdaq remained flat. However, there was a recovery of 445 points in Dow and 195 points in Nasdaq from the lower level. The Swiss regulator has assured Credit Suisse of providing additional liquidity if necessary. Credit Suisse will take a loan of $ 53.7 billion from Swiss central bank through short term liquidity.
