Switzerland Rescues Credit Suisse With $54 Billion
Shares of Credit Suisse jumped Thursday after saying it would borrow up to $54 billion from Switzerland’s central bank. The European Central Bank hiked official interest rates on Thursday by 0.5 percent. In the 1980s and 1990s, Credit Suisse merged with First Boston to create Credit Suisse First Boston. In March 2021, Credit Suisse lost …