The banking crisis – 16 March, 2022

The banking crisis – 16 March, 2022

From yesterday

Credit Suisse Reels After Top Shareholder Rules Out Raising Stake

  • Top shareholder says won’t raise stake above 10% threshold
  • Credit Suisse chairman says government assistance not a topic

By today

Bailout Arrives: Credit Suisse To Borrow $54BN From SNB To “Pre-emptively Strengthen Liquidity”


  • Saudis fold – refuse to throw any more money at Credit Suisse
  • Credit Suisse stock hits record low
  • Credit Suisse 1Y CDS explodes as counterparty risk hedging soars
  • Credit Suisse execs urged a “show of confidence” from the Swiss National Bank
  • ECB quantifying exposures to Credit Suisse
  • US Treasury monitoring situation, talking with other regulators
  • Fed working with UST to quantify exposures
  • One major govt is pressuring Swiss to intervene
  • Systemic risk threat spreads globally
  • Swiss authorities seeking to stabilize bank
  • Swiss National Bank and Finma issue statement of support
  • Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion under a covered loan facility.

Credit Suisse shares soar after aid announced from Swiss Central Bank

This was a very interesting conversation from the point of view of getting context

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