On Thursday, Credit Suisse said it would take action to shore up its finances.。Specifically, Credit Suisse will borrow 50 billion francs ($53.7 billion) from the SNB liquidity facility.。"As Credit Suisse takes the necessary steps to create a simpler, more focused bank around customer needs, this additional liquidity will support Credit Suisse's core business and customers," the bank said.。"。

In fact, the SNB announced late on Wednesday that it was ready to take action and said it would support Credit Suisse if needed.。A statement from the bank did not specify whether the support was in the form of cash, loans or other assistance.。Regulators say they believe the bank has enough money to meet its obligations。

Credit Suisse shares fell by more than a quarter at one point after the recent collapse of the Silicon Valley Bank and Signature Bank in the United States, sparking new concerns among global investors about the health of financial institutions.。

Credit Suisse's share price hit a record low after Credit Suisse's largest shareholder, Saudi National Bank, told the news media that it would not put more money into the Swiss bank。Long before the collapse of Silicon Valley banks, Swiss banks had been plagued by various problems。The Saudi bank, which has invested about 1.5 billion Swiss francs to acquire stakes slightly below that threshold, is trying to avoid regulation of more than 10 percent of the shares.。

The turmoil prompted an automatic halt to trading in Credit Suisse shares on the Swiss market and sent shares of other European banks plunging, some by double digits.。

The impact is largely due to Credit Suisse, the world's fifth-largest consortium with operations around the world, reaching $580 billion in assets by the end of 2022, more than twice the size of Silicon Valley Bank, which collapsed last week.。So, this means that if Credit Suisse goes bankrupt, the level of panic it causes may be unimaginable.。

Andrew Kenningham, chief European economist at Capital Economics, also said that Credit Suisse was "much more concerned about the global economy than the failed mid-sized US bank."。"Credit Suisse is not just a Swiss problem, it's a global problem," he said.。

Kenningham wrote in a report: "The issue of Credit Suisse raises again the question of whether this is the beginning of a global crisis or another 'special' case.。"This is the third 'one-off' issue in months, with the previous two being the UK government bond market crisis in September and the US regional bank collapse last week.。So the idea that no other problems will arise in the future is foolish。"

In an annual report released on Tuesday, Credit Suisse said customer deposits had fallen sharply by 41 per cent, or 159.6 billion francs ($172.1 billion), in the fourth quarter compared with the same period last year.。

In addition, Credit Suisse Group CEO Ulrich Koerner said the company has a very clear plan to bring it to market, most likely an initial public offering, and expects that to happen in 2025.。