CREDIT Suisse Group, seeking to weather a collapse in market confidence, said it will borrow as much as 50 billion francs (S$72.6 billion) from a Swiss National Bank liquidity facility as it offers to repurchase debt.
- Advertisement -
Most Popular
Bank of England rate cuts deliver £11 billion hit to households
The UK central bank is widely expected to deliver a fifth quarter-point rate reduction to 4% per cent on Thursday
Brunei tweaks Bridgewater bet to a lucrative 20% stake in firm
The firm has been selling stakes to institutions for more than a decade
Barclays says credit liquidity premium gone as e-trading thrives
This premium has shrunk as electronic credit trading has boomed, bringing more liquidity to the market, according to the report
