Market rout pauses after Swiss bank Credit Suisse gets €51 billion lifeline

European markets person calmed down aft Credit Suisse secured a lifeline of up to 50 cardinal Swiss francs from the country's cardinal bank. The situation is conscionable the latest to deed the embattled lender, which has suffered a drawstring of scandals and absorption issues. Jitters implicit the banking assemblage stay arsenic the European Central Bank decides connected the adjacent complaint hike. Plus, Beijing has reacted furiously to Washington giving TikTok's Chinese proprietor ByteDance an ultimatum: merchantability up oregon look a full prohibition successful the US market.