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Not Out Of The Woods
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Not Out Of The Woods

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The Credit Strategist
Mar 16, 2023
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Not Out Of The Woods
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The Swiss National Bank came through as expected with a lifeline to support Credit Suisse Group AG (CS) late yesterday in the form of a 50 billion Swiss franc (US $54 billion) lending facility. If I were them, I would now fire management and the board and find some competent people to run the place. I know the last bunch was already fired but this new…

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