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Credit Suisse Adds to Economic Dread.
- 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 :
- CREDIT Suisse Group AG
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 172
- Issue :
- 59729
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 162444909