The Latest Breaking News from the Swiss National Bank

A market rally is underway, led by the Nasdaq, but First Republic and Credit Suisse led bank stocks lower despite rescue efforts.

Local fund managers and economists insist the Swiss government and central bank will not let Credit Suisse collapse, but warn the situation remains fragile and investors should add gold to their portfolios amid the ongoing market volatility.

The Stock Exchange of Thailand (SET) yesterday rushed to ease concerns after a plunge in Credit Suisse shares, reigniting worries about a possible banking crisis.

Credit Suisse intends to borrow up to $54 billion from the Swiss National Bank to shore up liquidity.

European markets have turned sour with concerns now directed at Credit Suisse whose shares plunged 24 per cent to a record low.

ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil

Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. The disclosure came just hours after the Swiss National Bank said capital and liquidity levels at the lender were adequate for a "systemically…

On the heels of bank failures in the U.S., shares of European bank Credit Suisse fall, prompting concerns about the health of the global banking system.

Credit Suisse is borrowing from the Swiss National Bank under a covered loan facility.