Credit Suisse Teeters

“Credit Suisse, the 166-year-old institution that was once an emblem of Swiss pride, is fighting for its life after investors, fearing that the bank would run out of money, dumped its stock and sent the price of insuring its debt against a default skyrocketing,” the New York Times reports.

“After the close of trading in Europe, Switzerland’s central bank, the Swiss National Bank, said it would step in and provide support to Credit Suisse ‘if necessary.’”