Swiss National Bank to give Credit Suisse financial support ‘if necessary’ – The Washington Post

Breaking: Swiss National Bank offers support to Credit Suisse

Potentially good news though troubling that such an announcement was necessary.

I would note that Credit Suisse’s assets are about equal to the GDP of Switzerland. Not apples to apples but rather an indication of potential limits to SNB support for CS.

https://www.washingtonpost.com/business/2023/03/15/svb-banking-credit-suisse-stocks/