- Credit Suisse secures CHF 50 billion line of credit from Swiss National Bank to strengthen liquidity.
- Credit Suisse offering to buy back bonds at a discount, saving $70 million.
- Bank's credit instruments continue to look worrying as counterparties avoid exposure.
- SNB and FINMA confirm that Credit Suisse meets capital and liquidity requirements.
- Credit Suisse's main goal is to convince funding markets that everything is fine.
Credit Suisse Puts On a Brave Face
Also First Republic, US vs. European regulatory responses, well-timed trades in competitors’ stocks, a Raiffeisen/Sberbank trade and some Signature musical parodies.
Matt Levine
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RCWZE2OK3BNCJNRVFOS74NYF7M.jpg)
