What’s next for Credit Suisse bank crisis?

Credit Suisse is borrowing nearly £45 billion from Switzerland’s central bank in the hope of calming nerves as its share value tumbled...and then bounced back.The bailout follows a week of jitters in the global banking sector, after the collapse of three US banks: Silicon Valley, Signature and Silvergate.So, how concerned should consumers be about their savings and current accounts, and is it 2008 all over again - or something completely different, with a system better able to cope?The Leader podcast’s joined by Susannah Streeter, head of money and markets at Hargreaves Lansdown.In this episode:Why a bank famed for stability found itself in troubleBanking safeguards since 2008How European Central Bank and markets respondedIs your money at risk?Does social media gossip amplify financial fear?Budget: Extra analysis Hosted on Acast. See acast.com/privacy for more information.