Credit Suisse sheds another 9.5% as traders digest emergency liquidity

Credit Suisse sheds another 9.5% as traders digest emergency liquidity

Shares fell 9% on Friday, after as the embattled lender said it will  ($54 billion) from the Swiss National Bank. This week's intervention by Swiss authorities, which also reaffirmed that Credit Suisse met the capital and liquidity requirements imposed on "systemically important banks," prompted shares to jump more than 18% on Thursday after . Credit Suisse also offered to buy back around 3 billion francs' worth of debt, relating to 10 U.S. dollar-denominated senior debt securities and four euro-denominated senior debt securities. The slide to Wednesday's low came after top investor the it would not provide the bank with any more cash due to regulatory requirements, compounding a downward spiral in Credit Suisse's share price that began with the delay of its annual results over . The bank is undergoing a massive strategic overhaul aimed at restoring stability and profitability after a . The restructure involves the spin-off of the investment bank to form U.S.-based CS First Boston, a steep reduction in exposure to risk-weighted assets, and a $4.2 billion capital raise funded in part by the 9.9% stake acquired by the Saudi National Bank. However, capital markets and stakeholders appear unconvinced. The share price has fallen sharply over