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International Finance: Europe, US futures rise on Credit Suisse funding: markets wrap

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European and US equity futures advanced, Asian stocks pared losses and Treasuries fell on Thursday after Credit Suisse Group AG said it would borrow money from Switzerland’s central bank and seek to repurchase debt.

 

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Credit Suisse to borrow nearly R1 trillion from Swiss central bank | BusinessCredit Suisse announced Thursday that it would borrow almost $54 billion (R996 billion) from the Swiss central bank to reinforce the group after a plunge in its share prices. | News24_Business _Business So i take it you are not going to talk about how they got here. _Business hehe, the USA killed Credit Suisse a few years ago. If you cant hide your money in a swiss account anymore, what use is it? Now its just an expensive bank account.
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