Shares in the troubled banking group Credit Suisse jumped up this morning, after it was able to announce a £45bn support package from Switzerland's central bank. Our economics reporter Neil Macdonald reports.
Shares in the troubled banking group Credit Suisse jumped up this morning, after it was able to announce a £45bn support package from Switzerland’s central bank.
But despite concerns about “elevated uncertainty” in the financial markets flowing from the recent problems with Credit Suisse and Silicon Valley Bank, the European Central Bank went ahead and raised interest rates again today.
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