Money holders will get a 'haircut' in terms of a declining purchasing power of their money.
The cost of insuring Credit Suisse bonds against default dropped ... after the lender said it would tap Switzerland’s central bank for fresh liquidity
https://www.bloomberg.com/news/articles/2023-03-16/credit-suisse-default-swaps-drop-after-snb-s-liquidity-pledge?utm_source=website&utm_medium=share&utm_campaign=twitter @markets
The cost of insuring Credit Suisse bonds against default dropped ... after the lender said it would tap Switzerland’s central bank for fresh liquidity
https://www.bloomberg.com/news/articles/2023-03-16/credit-suisse-default-swaps-drop-after-snb-s-liquidity-pledge?utm_source=website&utm_medium=share&utm_campaign=twitter @markets
Bloomberg.com
Credit Suisse Default Swaps Drop After Central Bank’s Liquidity Pledge
The cost of insuring the bonds of Credit Suisse Group AG against default dropped, though they remained in distressed territory, after the lender said it would tap Switzerland’s central bank for fresh liquidity.