Thursday’s Premarket Stock Moves: Credit Suisse, Snap, Meta, First Republic Bank

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U.S. shares of Credit Suisse ($CS@Switzerland) gained 6 percent in premarket trading on Thursday after the Swiss bank said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Snap ($SNAP@US) surged 6 percent, and Meta ($META@US) gained 1.5 percent in premarket trading after The Wall Street Journal reported that the Biden administration would ban its competitor TikTok if its Chinese parent company ByteDance did not sell the video-sharing company. First Republic Bank plummeted nearly 28 percent as the fallout from Silicon Valley Bank’s collapse continues.