Swiss Government Will Bail Out Credit Suisse if Necessary To Stabilize Systemic Risk: Report

Site na Daily Hodl - 1 afọ gara aga - Oge Ọgụgụ: nkeji 2

Swiss Government Will Bail Out Credit Suisse if Necessary To Stabilize Systemic Risk: Report

The Swiss government is working with Credit Suisse to find ways to stabilize the bank and assure the public that systemic risk to the financial system will be contained.

The troubled banking giant, which is n'ọnụ ọnụ after its largest shareholder refused to inject more capital, is now receiving public government support, according to a akụkọ from CNBC.

Credit Suisse and government leaders are considering several remedies to contain the crisis, including an infusion of liquidity from the Swiss government, a breaking up of the big bank into smaller units, or a deal with its rival UBS, akụkọ Bloomberg.

The potential failure of Credit Suisse sent shockwaves through the world of finance on Wednesday.

Fears of fallout reached the U.S. Treasury Department, which is reportedly reviewing the impact that a collapse of Credit Suisse would have on the American banking system and overall economy.

Fears that banking woes will spread far from the shores of the US triggered a volatile day on Wall Street, with the Dow down 362 points and the S&P 500 down 34 points at time of publishing.

Bitcoin, which has boomed amid concerns about the US and now the global banking system, has retraced after reaching a high of $26,111 on Tuesday. BTC is trading at $24,560 at time of publishing, down 0.6% in the last 24 hours.

Echefula Beat - Idenye aha iji nweta ozi mkpu email nke a na-enyefe na igbe mbata gị

Tulee price Action

Soro anyị na Twitter, Facebook na telegram

ịwagharị Ngwakọta Daily Daily

Lelee Isi akụkọ kacha ọhụrụ

  Ngọnarị: Echiche ndị e gosipụtara na Daily Hodl abụghị ndụmọdụ ntinye ego. Ndị na-etinye ego kwesịrị ime mkpebi siri ike tupu ha etinye ego ha nwere nnukwu ihe ọghọm Bitcoin, cryptocurrency ma ọ bụ ihe dijitalụ. Biko nye ndụmọdụ ka ị nyefe gị na azụmaahịa gị nọ n'ihe egwu gị, na ihe ọ bụla funahụrụ gị nwere ike ịbụ ibu ọrụ gị. Daily Hodl anaghị akwado ịzụrụ ma ọ bụ ire nke ihe ọ bụla cryptocurrencies ma ọ bụ akụ dijitalụ, ọbụnadị Daily Hodl abụghị onye ndụmọdụ itinye ego. Biko rịba ama na Daily Hodl na-esonye na ahịa mmekọ.

Featured Image: Shutterstock/Fernando Cortes/AtlasbyAtlas Studio

The post Swiss Government Will Bail Out Credit Suisse if Necessary To Stabilize Systemic Risk: Report pụtara na mbụ Hodbọchị Hodl.

Isi mmalite: Hodbọchị Hodl