Bloomberg Daybreak Weekend: A Week of Bank Chaos
Bloomberg Daybreak: US Edition
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Credit Suisse's CEO Ulrich Corner: "It's a Very Recent Thing"
CEO Ulrich Corner told staff to focus on facts as he pledged to rapidly move ahead with a plan to streamline operations. Comes after the bank, said it reached an agreement with the Swiss National Bank to borrow as much as $54 billion from a liquidity facility. It caused Credit Suisse's share price to tumble to a new record low sparking concern about the strength of global lenders following the swift collapse of three US banks in last week.
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