$Credit Suisse Group AG(CS)$ It's gonna be safe. Matter of time it will hit the moon. Credit Suisse tapped an emergency lifeline worth 50 billion Swiss franc ($54 billion) from its central bank on Thursday.
The Swiss rescue calmed markets and emboldened the ECB to raise interest rates by another half-a-percentage point on Thursday, confounding traders' bets and sticking to its inflation-fighting efforts.
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Comments
Difficult to make a comeback after a 50 bil euro gov debt which i think will be doubled very soon. Most likely they will be bought up cheaply.