Swiss National Bank Says it would backstop Credit Suisse

Switzerland’s central bank and financial regulator said Credit Suisse Group AG will receive a liquidity backstop if needed, in an effort to arrest the slump in confidence around the troubled lender. Bloomberg's Sally Bakewell reports.
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[ashleycurran]

Isn't a back stop really a bail out in disguise

[djayjp]

Stock has literally been going down ever since 2009 lol

[aslkdfjhg]

Credit Suisse should've been shut down and dismantled years ago. There's a reason why no one wants to be associated with the bank

[lambertois]

Do the Suisse Central Bank has 700 billion liquidity to backstop Credit Suisse ?
Credit Suisse had a series of problems in the past 5 years because of bad management. Why the Suisse Central Bank did not intervened earlier?

[josephmccartney]

How are banks and other hedge funds going to learn to NOT RISK OTHER PPLS MONEY. If these clowns are just going to bail them out over and over again.

[ssss]

they will back this unbacked currency loss, with more unbacked currency.

this is fine.

[yomismo]

They did not say how much ...is a guy has 100 millions they will cover? I doubt it

[Shining]

This Banks are in crisis because people allowed it to happen

[thomasucc]

Who get access to the Jewish gold of ww2

[pmapires]

Apply the same treatment that was done to SVB. That's fairness and provides equal treatment regarding competition

[Vb]

They need to let it Fall. Now or later it will eventually happen.

[RyuuOujiXS]

"our liquidity is strong"? Isn't that what Goldman Sachs told Baum during the housing crisis?