After a sharp fall in shares on Wednesday, Credit Suisse announced a loan of 50 billion Swiss francs ($54 billion) from the Swiss National Bank (SNB).
According to the bank, it will focus on efforts to strengthen liquidity first with the support of secured loan facilities and short-term liquidity facilities.
It is understood that this additional liquidity will support the bank in taking the necessary steps to create a simpler bank and focus on customer needs.
In addition, the Swiss investment banking giant will also make an offer to buy back about $3 billion in debt securities.
Credit Suisse saw its shares fall more than 20% on Wednesday, stemming from a statement by its largest shareholder, the National Bank of Saudi Arabia, that it was unable to provide further funding support for the bank.
However, this latest report has gone some way to allaying some fears that the crisis will worsen and lead to the failure of Credit Suisse as experienced by Silicon Valley Bank and Signature Bank in the United States.
As a result, Credit Suisse shares jumped more than 30% at the opening of the European session today.
US futures also rose as the Dow Jones Industrial gained more than 100 points, the S&P 500 rose 0.39% and the Nasdaq added 0.5%.
