What’s next for Credit Suisse bank crisis?
Credit Suisse is borrowing nearly £45 billion from Switzerland’s central bank in the hope of calming nerves as its share value tumbled...and then bounced back.
The bailout follows a week of jitters in the global banking sector, after the collapse of three US banks: Silicon Valley, Signature and Silvergate.
So, how concerned should consumers be about their savings and current accounts, and is it 2008 all over again - or something completely different, with a system better able to cope?
The Leader podcast’s joined by Susannah Streeter, head of money and markets at Hargreaves Lansdown.
In this episode:
- Why a bank famed for stability found itself in trouble
- Banking safeguards since 2008
- How European Central Bank and markets responded
- Is your money at risk?
- Does social media gossip amplify financial fear?
- Budget: Extra analysis
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