Well-managed situation could lead to positive turnaround for Credit Suisse, says asset manager

Well-managed situation could lead to positive turnaround for Credit Suisse, says asset manager

Shares of Swiss investment bank Credit Suisse jumped as much as 40 per cent on Thursday after Switzerland’s central bank stepped in to support the lender, triggering a rally in bank stocks across Europe on easing investor concern that the firm’s troubles would trigger a global banking crisis.br br A day earlier, the bank was staring into an abyss of uncertainty after its stock crashed 31 per cent just as wider markets were recovering from a battering triggered by the shuttering of California-based Silicon Valley Bank.


User: Gulf News

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Uploaded: 2025-02-15

Duration: 05:09

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