Credit Suisse handed a lifeline to avert collapse ...News

Shares in embattled Swiss bank have plummeted amid a growing Western banking crisis Credit Suisse announced on Thursday it would borrow up to 50 billion Swiss francs ($53.7 billion) from the country's central bank, Swiss National Bank, to reassure investors the embattled bank has enough money to stay afloat. The announcement comes a day after shares in Switzerland’s second-biggest bank saw a decline of nearly 25%, hitting all-time lows for two consecutive days. The drop occurred after Credit Suisse’s biggest investor, Saudi National Bank (SNB), said it wouldn’t be able to provide further financial assistance. In a

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