Credit score Suisse shares surged 32% in opening commerce, rallying because the Swiss banking large stated it would faucet its central financial institution for 50 billion francs ($54 billion) and launching a proposal to purchase beaten-up debt.
Whereas the inventory did get halted for volatility and got here off these highs, it demonstrated that the motion helped stave off among the pressures constructing across the financial institution, which has misplaced cash for 5 consecutive quarters.
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