What’s next for Credit Suisse bank crisis?

<p>Credit Suisse is borrowing nearly £45 billion from Switzerland’s central bank in the hope of calming nerves as its share value tumbled...and then bounced back.</p><br><p>The bailout follows a week of jitters in the global banking sector, after the collapse of three US banks: Silicon Valley, Signature and Silvergate.</p><br><p>So, how concerned should consumers be about their savings and current accounts, and is it 2008 all over again - or something completely different, with a system better able to cope?</p><br><p>The Leader podcast’s joined by Susannah Streeter, head of money and markets at Hargreaves Lansdown.</p><br><p>In this episode:</p><ul><li>Why a bank famed for stability found itself in trouble</li><li>Banking safeguards since 2008</li><li>How European Central Bank and markets responded</li><li>Is your money at risk?</li><li>Does social media gossip amplify financial fear?</li><li>Budget: Extra analysis</li></ul><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>