Credit Suisse (CS), Goldman Sachs, (GS) and RBS (RBS) each borrowed at least $30B in 2008 from a...

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

Credit Suisse (CS), Goldman Sachs, (GS) and RBS (RBS) each borrowed at least $30B in 2008 from a Fed emergency scheme called single-tranche open-market operations; the Fed made 28-day loans to 20 banks from March through December, with rates in Dec as low as 0.01%.