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Credit Suisse Adds to Economic Dread.

Authors :
RENNISON, JOE
KARAIAN, JASON
Smialek, Jeanna
Source :
New York Times. 3/16/2023, Vol. 172 Issue 59729, pA1-A20. 2p.
Publication Year :
2023

Abstract

The article reports on the panic over the financial status of Swiss bank Credit Suisse that added to the global fear over the threat posed by the banking crisis to the economy. It informs about the intervention by the Swiss National Bank to keep Credist Suisse afloat and the decline in Credit Suisse shares after its shareholder Saudi National Bank refused to provide it with more money. It cautions about the elevated risk of deposit withdrawals from banks and its impact on interest rates.

Subjects

Subjects :
CREDIT Suisse Group AG

Details

Language :
English
ISSN :
03624331
Volume :
172
Issue :
59729
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
162444909