Insights

Bailout, bailout bailout! Further backstops and liquidity for Credit Suisse as all roads lead to Bitcoin

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Credit Suisse shares plunged 24%, and its bonds traded at distressed levels.
Credit Suisse may have reached a point of no return to hold its wealth management clients or fund its activities.
“Credit Suisse to get liquidity backstop if needed,” according to Bloomberg.
Credit Suisse borrows up to 50 billion CHF from the Swiss National Bank, equivalent to 6.25% of the Swiss GDP.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.