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What Just Happened at Credit Suisse? - Publication Date |
- Mar 16, 2023
- Episode Duration |
- 00:18:32
As fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern.
Further Reading:
- Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline
- Credit Suisse Promises Overhaul in Wake of Rout as Regulators Offer Lifeline
- Janet Yellen Says Banking System Is Healthy After SVB Collapse
Further Listening:
- Can the Government Contain a Banking Crisis?
- The Economy Is Too Hot for the Fed
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