TOKYO/SINGAPORE, March 16 (Reuters) - Japan's Nikkei
share average trimmed losses on Thursday, in another
volatile session, after embattled Swiss lender Credit Suisse
announced plans to strengthen its cash position.
The week has seen wild swings in Japanese banks, causing the
Nikkei to fall below 27,000 for the first time since Jan. 23, on
fears of contagion from the Silicon Valley Bank meltdown and
Credit Suisse's woes. The Nikkei was last down 1.2%.
Credit Suisse on Thursday said it was taking "decisive
action" to strengthen its liquidity by exercising its option to
borrow from the Swiss National Bank up to 50 billion Swiss
francs ($54 billion).
(Reporting by Vidya Ranganathan; Editing by Himani Sarkar)
Messaging: Twitter:@Vid_Ranganathan))
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