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Credit Suisse is borrowing nearly £45 billion from Switzerland’s central bank in the hope of calming nerves as its share value tumbled...and then bounced back.
The bailout follows a week of jitters in the global banking sector, after the collapse of three US banks: Silicon Valley, Signature and Silvergate.
So, how concerned should consumers be about their savings and current accounts, and is it 2008 all over again - or something completely different, with a system better able to cope?
The Leader podcast’s joined by Susannah Streeter, head of money and markets at Hargreaves Lansdown.
In this episode:
Hosted on Acast. See acast.com/privacy for more information.
4.4
1515 ratings
Credit Suisse is borrowing nearly £45 billion from Switzerland’s central bank in the hope of calming nerves as its share value tumbled...and then bounced back.
The bailout follows a week of jitters in the global banking sector, after the collapse of three US banks: Silicon Valley, Signature and Silvergate.
So, how concerned should consumers be about their savings and current accounts, and is it 2008 all over again - or something completely different, with a system better able to cope?
The Leader podcast’s joined by Susannah Streeter, head of money and markets at Hargreaves Lansdown.
In this episode:
Hosted on Acast. See acast.com/privacy for more information.
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