Credit Suisse shares jump 30% after securing $54 bln lifeline

ZURICH/LONDON: Credit Suisse shares soared by at least 30% in premarket trading on Thursday after the company secured a $54 billion lifeline from the Swiss National Bank to shore up liquidity and investor confidence that sent its stock to record lows the day before.

JPMorgan analysts said the loan from the SNB would not be enough to soothe investor concerns and "status quo was no longer an option", leaving a takeover for Credit Suisse as the most likely outcome.