And now Credit Suisse confirms it’s all about duration risk (which it allegedly doesn’t have)
Credit Suisse will be taking pre-emptive action to strengthen its liquidity, according to a press release issued in the early hours of Thursday, March 16. The move involves exercising an option to borrow 50bn Swiss francs from the Swiss National Bank under a covered loan facility, as well as a short-term liquidity facility. Both will […]