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Credit Suisse shares surge after bank agrees £44bn lifeline – business live

Credit Suisse shares up over 20% this morning after deciding to take central bank support to stem crisis which is rocking financial markets

  • Credit Suisse: what is happening at Swiss bank and should we be worried?

Credit Suisse’s largest shareholder, Saudi National Bank, has said the market turmoil in shares of the Swiss lender was “unwarranted”.

Saudi National Bank chairman Ammar Al Khudairy told CNBC this morning that:

If you look at how the entire banking sector has dropped, unfortunately, a lot of people were just looking for excuses.

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