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How the Swiss franc shocked world markets
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The Swiss National Bank said Wednesday that #CreditSuisse s currently well capitalized and that the central bank will provide additional liquidity if necessary. The concern over Credit Suisse comes after the collapse of #SiliconValleyBank and #SignatureBank over the past week, two of the largest U.S. bank failures in history. #LinkInBio for full details. #CNBC #SVB #banking
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A global clampdown on tax evasion, led by U.S. law authorities, has transformed the banking industry in Switzerland. Without its famed reputation for secrecy, wealthy foreigners no longer see it as a haven to hide their money. So how have Swiss banks adapted? CNBC’s Tom Chitty is joined by Geoff Cutmore to explain. | CNBC International
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