![Bailout, bailout bailout! Further backstops and liquidity for Credit Suisse as all roads lead to Bitcoin](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/macro-insight.jpg&w=70&h=37&q=75)
Quick Take
- Credit Suisse shares plunged 24%, and its bonds traded at distressed levels.
- Credit Suisse may have reached a point of no return to hold its wealth management clients or fund its activities.
- “Credit Suisse to get liquidity backstop if needed,” according to Bloomberg.
- Credit Suisse borrows up to 50 billion CHF from the Swiss National Bank, equivalent to 6.25% of the Swiss GDP.
![CDS Spreads: Source: Bloomberg)](https://cryptoslate.com/wp-content/uploads/2023/03/CDS.png)
![Press Release: (Source: Credit Suisse)](https://cryptoslate.com/wp-content/uploads/2023/03/50.png)