Credit Suisse Receives, $54 Billion Lifeline Loan.<br />On March 16, Credit Suisse announced <br />that it will take out a $54 billion <br />loan from Switzerland's central bank.<br />NBC reports that the move comes amid fears of a , global banking crisis.<br />Following the collapse of two major banks in <br />the United States, investors have signaled widespread <br />concerns regarding the stability of the financial sector.<br />Following the collapse of two major banks in <br />the United States, investors have signaled widespread <br />concerns regarding the stability of the financial sector.<br />Credit Suisse, the second-largest commercial lender in Switzerland, saw its stock recover by about 20% following its loan announcement.<br />Credit Suisse, the second-largest commercial lender in Switzerland, saw its stock recover by about 20% following its loan announcement.<br />The move reversed course on <br />a steep decline in the wake of the collapses <br />of Silicon Valley Bank and Signature Bank.<br />The move reversed course on <br />a steep decline in the wake of the collapses <br />of Silicon Valley Bank and Signature Bank.<br />NBC reports that a number of midsized and regional <br />banks remain under pressure, including <br />First Republic, PacWest and Western Alliance. .<br />Earlier this week, First Republic's stock <br />was downgraded to junk status by two <br />major credit rating agencies. .<br />Following the downgrade, stock <br />in First Republic plunged 35%.<br />Meanwhile, stock in regional banks <br />PacWest and Western Alliance <br />was down 17% and 11%, respectively.<br />The banking instability has sent ripples through <br />Wall Street, with the Dow Jones Industrial Average <br />down nearly 200 points early on March 16. .<br />The banking instability has sent ripples through <br />Wall Street, with the Dow Jones Industrial Average <br />down nearly 200 points early on March 16.
