Credit Suisse secures $54 billion loan from Swiss National Bank.

Credit Suisse will borrow up to $54 billion from the Swiss National Bank under a covered loan facility and a short-term liquidity facility to support its core businesses and clients as it undergoes a strategic transformation. The bank is also making a cash tender offer for senior debt securities. The move comes after shares of the lender fell sharply and its top investor, Saudi National Bank, said it won't provide further assistance. Credit Suisse CEO Ulrich Koerner said the measures demonstrate decisive action to strengthen the bank.