Credit Suisse shares surge, send positive signals to European markets as Swiss National Bank promises lifeline
European markets were up 2-2.5 per cent in the morning session after the Swiss National Bank accepted Credit Suisse's request for financial assistance up to 50 billion Swiss francs ($54 billion).
Credit Suisse's shares hit a record low on Wednesday after it released its annual report a day before and its biggest lender from Saudi Arabia decided to pull the plug on the Swiss bank. Photo: Reuters