LONDON—European markets rebounded on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender Credit Suisse teed traders up for an European Central Bank interest rate decision later.
Credit Suisse’s shares leapt more than 20 percent and the main European indexes and Swiss franc all rose around 1 percent in early trading, after the Swiss National Bank and financial regulator, FINMA, took action late on Wednesday.
The SNB confirmed on Thursday that it will provide “liquidity” to the lender. Credit Suisse, which said it is taking “decisive action,” will borrow up to 50 billion Swiss francs from one of the world’s leading central banks….