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Read More »Credit Suisse seeks circuit breaker with $54bn line
BLOOMBERG Credit Suisse Group AG sought to arrest a collapse in investor confidence by opening a 50 billion Swiss franc ($54 billion) credit line with the country’s central bank and offering to buy back debt, as executives and government officials plot the next steps for the troubled lender. Shares in Credit Suisse initially surged as much as 40% before paring ...
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