Is Credit Suisse saved?

According to Iran Economist, citing Economic, after the publication of news that the National Bank of Switzerland has injected up to 50 billion Swiss francs to support the bank’s recovery from the crisis that engulfed the banking sector, the shares of Credit Suisse Bank It increased to 20%.

Commenting on the developments, JP Morgan said that the most likely scenario remains that Credit Suisse will be taken over by some other big bank, such as UBS Group.

The positive sentiment was weighed down by the latest liquidity support from the Swiss National Bank, sending Credit Suisse shares up from the previous day’s sell-off, jumping 19.86 percent to 2.03 Swiss francs at 1:24 p.m. ET. Europe will return.