Credit Suisse saw its shares stabilize after the Swiss National Bank approved a loan of nearly $54 million for the company. A top investor notified Credit Suisse on Wednesday that it wouldn't be able to provide further assistance to the lender.
Share:
More In Business
Archer Aviation Taking Flight with Founder and CEO Adam Goldstein
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
New York City Plans to Discharge $2 Billion in Medical Debt for 500,000 Residents
Mayor Eric Adams said medical debt is the No. 1 cause of bankruptcy in the United States.
iFit Wants to Power Your Workout Using Artificial Intelligence
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Mortgage Rates, Inventory Are Key to the Real Estate Market
Tamir Shemesh from Nest Seekers International shares the state of the U.S. housing market for buyers, sellers, and what made 2023 a 'perfect storm.'
Macy's Rejects $5.8B Takeover Bid From Investors
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Tech Stocks Still on the Rise
Pete Najarian, co-owner of Market Rebellion, shares what sectors he's watching as the S&P 500 and Dow notch historic highs.
Sports Illustrated Plans Layoffs After Losing Right to Brand Name
Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented.
Japan Becomes Fifth Country to Reach the Moon
Officials said they aren't yet sure if the passenger-less spacecraft made a pinpoint landing, which was one of the mission's priorities.
Pinstripes Poised for Growth After Taking the Company Public
CEO and founder of Pinstripes Dale Schwartz shares his thoughts on taking the company public, why they're set for growth this year, and why he's not concerned about inflation weighing on the restaurant sector.
