Swiss Central Bank bails out Credit Suisse

The Swiss central bank will bail out Credit Suisse to reassure investors that the company has enough cash to stay afloat.

This comes after Credit Suisse shares fell more than 24 percent and the company borrowed $81 billion from the Swiss Central Bank.

On top of the global financial turmoil, US lenders Silicon Valley Bank and Signature Bank went bankrupt over the weekend, leading to bailouts from the US government.