LONDON — Credit Suisse, a behemoth of European banking with assets stretching across the globe, is experiencing turbulence.
Earlier this week, Credit Suisse disclosed “material weaknesses” in its financial reporting, and it was unclear whether the major bank would be able to get a financial rescue. That sent markets into panic. But a $53.7 billion liquidity lifeline from Switzerland’s central bank appeared to be calming European investors as markets rallied Thursday.
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