Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline

Shares in the Swiss bank rose around 20%, but analysts said they remain wary about its prospects

Credit Suisse bonds also rose, though they didn’t regain all the lost ground from the previous day’s plunge.Photo: Jose Cendon/Bloomberg News

Credit Suisse shares jumped after the bank said it would tap a more than $50 billion lifeline from the Swiss National Bank, but analysts remained wary about the lender’s prospects. 

Investor confidence in the Swiss bank deteriorated rapidly this week, after investors turned their attention to the struggling lender following the collapse of two large banks in the U.S. 

What's News

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Sponsored Offers
  • TurboTax:
    Save up to $15 with TurboTax coupon March 2023
  • H&R Block Tax:
    15% Off DIY Online Tax Filing Services | H&R Block Coupon Code
  • The Motley Fool:
    Sign up to Stock Advisor for $79 for 1 year
  • eBay:
    30% off eBay coupon
  • AliExpress:
    Use AliExpress promo code and get $24 Off $200
  • Groupon:
    Groupon Promo Code - 30% Off