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Thursday, June 13, 2024

Credit Suisse: Why it’s struggling and why that’s a big deal

New York CNN — Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble. The bank said it would borrow up to 50 billion Swiss francs ($53.7 billion) from the Swiss National Bank, taking advantage of a lifeline late Wednesday after its stock crashed as much …

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