Credit Suisse shares tumble again, sentiment remains fragile

by gulftimes


Fri, 2023-03-17 14:48

LONDON/ZURICH: Shares in Credit Suisse resumed their decline on Friday, giving up early gains, in a sign that investor sentiment remains fragile in a week that has seen the troubled Swiss lender secure a $54 billion lifeline, according to Reuters.

A ratings downgrade and a US lawsuit on Thursday offset some of the relief that stemmed from the emergency liquidity line the bank secured from the Swiss central bank earlier in the day.

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