Credit Suisse shares soar after central bank offers £45bn lifeline

(Ennio Leanza/AP)

Credit Suisse shares surged on Thursday after the Swiss central bank agreed to loan the bank up to £45 billion to bolster confidence in the country’s second-biggest lender and blunt concerns about the international financial system after the collapse of two US banks.

Credit Suisse announced the agreement before the Swiss stock market opened, sending shares up as much as 33% before they settled at a 25% gain in midday trading.