What to learn about Credit Suisse disaster, Swiss National Bank mortgage supply

LONDON — Credit Suisse, a behemoth of European banking with property stretching throughout the globe, is experiencing turbulence.

Earlier this week, Credit Suisse disclosed “material weaknesses” in its monetary reporting, and it was unclear whether or not the key financial institution would have the ability to get a monetary rescue. That despatched markets into panic. But a $53.7 billion liquidity lifeline from Switzerland’s central financial institution seemed to be calming European traders as markets rallied Thursday.