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Credit Suisse rebounds after a lifeline from the central bank, First Republic explores a sale and the fallout from bank stress continues ahead of today’s European Central Bank meeting. — Heather Burke

To catch up on the trading day in the UK and Europe, check out Markets Today.

Credit Suisse surged the most on record after the lender tapped the Swiss National Bank for as much as 50 billion francs ($54 billion) and offered to repurchase debt. The announcement followed a frantic trading session in which worries about Credit Suisse’s financial health roiled global markets, alarmed regulators across Europe and the US and prompted some firms to reassess their exposure to the bank. Credit Suisse CEO Ulrich Koerner told his staff to focus on facts as he pledged to rapidly move ahead with a plan to streamline operations. Meanwhile, Credit Suisse’s biggest shareholder said “everything is fine” and the bank isn’t likely to seek more capital, the day after his comments helped spark the biggest-ever slump in the stock.