March 16, 2023

What Just Happened at Credit Suisse?

by The Journal

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 

Where to Listen