NEW: Credit Suisse to borrow up to $54 billion from Switzerland's central bank
A sign of Credit Suisse bank is seen on a branch building in Geneva, on Wednesday. Photo: Fabrice Coffrini/AFP via Getty Images
will borrow up to 50 billion Swiss francs from the Swiss National Bank under a covered loan facility as well as a short-term liquidity facility, the company announced Wednesday.
"Credit Suisse also announces offers by Credit Suisse International to repurchase certain OpCo senior debt securities for cash of up to approximately CHF 3 billion," the statement added.
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