Bailout Arrives: Credit Suisse To Borrow $54BN From SNB To "Pre-emptively Strengthen Liquidity"
* Saudis fold - refuse to throw any more money at Credit Suisse
* Credit Suisse stock hits record low
* Credit Suisse 1Y CDS explodes as counterparty risk hedging soars
* Credit Suisse execs urged a "show of confidence" from the Swiss National Bank
* ECB quantifying exposures to Credit Suisse
* US Treasury monitoring situation, talking with other regulators
* Fed working with UST to quantify exposures
* One major govt is pressuring Swiss to intervene
* Systemic risk threat spreads globally
* Swiss authorities seeking to stabilize bank
* Swiss National Bank and Finma issue statement of support
* Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion under a covered loan facility.
ghosty / Ghost Y
npub126…5e0h7
2023-03-16 01:35:02 UTC
Author Public Key
npub126fcveuwgx8e2htuvqmxcpkphnp5nkr33e492jdg4rx3hzlpupls55e0h7Seen on
wss://nos.lolPublished at
2023-03-16 01:35:02 UTCEvent JSON
{
"id": "32db63057d62e8e63f89caa17f1be8680747c11476d7d593af31b537b776817f",
"pubkey": "569386678e418f955d7c60366c06c1bcc349d8718e6a5549a8a8cd1b8be1e07f",
"created_at": 1678930502,
"kind": 1,
"tags": [],
"content": "Bailout Arrives: Credit Suisse To Borrow $54BN From SNB To \"Pre-emptively Strengthen Liquidity\"\n\n* Saudis fold - refuse to throw any more money at Credit Suisse\n* Credit Suisse stock hits record low\n* Credit Suisse 1Y CDS explodes as counterparty risk hedging soars\n* Credit Suisse execs urged a \"show of confidence\" from the Swiss National Bank\n* ECB quantifying exposures to Credit Suisse\n* US Treasury monitoring situation, talking with other regulators\n* Fed working with UST to quantify exposures\n* One major govt is pressuring Swiss to intervene\n* Systemic risk threat spreads globally\n* Swiss authorities seeking to stabilize bank\n* Swiss National Bank and Finma issue statement of support\n* Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion under a covered loan facility.",
"sig": "e6b438605617ee9c302767725dfa0fcfaa9c6dfa61012b2e79b0173f689fc9384df61adbfc921f25c77ac29cf431ba96b2e0b4697d035eb1d20895b0ebd770d9"
}