Bailout Arrives: Credit Suisse To Borrow $54BN From SNB To "Pre-emptively Strengthen Liquidity"

* Saudis fold - refuse to throw any more money at Credit Suisse

* Credit Suisse stock hits record low

* Credit Suisse 1Y CDS explodes as counterparty risk hedging soars

* Credit Suisse execs urged a "show of confidence" from the Swiss National Bank

* ECB quantifying exposures to Credit Suisse

* US Treasury monitoring situation, talking with other regulators

* Fed working with UST to quantify exposures

* One major govt is pressuring Swiss to intervene

* Systemic risk threat spreads globally

* Swiss authorities seeking to stabilize bank

* Swiss National Bank and Finma issue statement of support

* Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion under a covered loan facility.