Credit Suisse to borrow up to 50 bln Swiss francs from Swiss National Bank
THURSDAY, MARCH 16, 2023
Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.
Biden says US banking system is safe after SVB, Signature collapse
MONDAY, MARCH 13, 2023
US President Joe Biden pledged on Monday to do whatever is needed to address a banking crisis threatened by the collapses of Silicon Valley Bank and Signature Bank, which forced regulators to step in with emergency measures.
New York state's Department of Financial Services said on Sunday it has taken possession of New York-based Signature Bank and appointed the US Federal Deposit Insurance Corp as receiver, the second bank failure in a matter of days.