Market rout pauses after Swiss bank Credit Suisse gets €51 billion lifeline
17 March 2023 |
5:59 am
European markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain as the European Central Bank decides on the next rate hike.
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