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
Bitcoin Halving Is Today: Here’s What that Means
Bitcoin halving typically raises the value of the cryptocurrency – and it could be an ‘exemplary’ hedge against inflation.
Big Business This Week: Netflix’s Gamble Pays Off, The Halving Is Upon Us and Oh God Rate Cuts
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
Disneyland Is Spending $2 Billion on New Rides, Hotels, and More
Disney’s nearly $2 billion plan means new rides, hotels, and more.
How Two Companies are Using Tech and AI to Squash Bedbug Infestations
With an uptick in bedbug infestations, two companies, Spotta and Comcast’s Machine-Q, are joining forces and using tech and AI to squash this problem.
Drones are Altering Farming and Growing Food Forever
When one thinks of agriculture, it brings up thoughts of tractors, yet unmanned drones have found one of their newest homes in agriculture.
Why Aren’t There More IPOs? Blame Fed Chair Powell (And Those Rates)
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With An Increasing Demand In Mental Health Services, This CEO Wants To Use Tech To Change the Therapy Game
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
You Can Actually Lose Money on Real Estate (Even in This Market)
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
This Region Has the U.S. Beat When it Comes to Fighting Inflation
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
