Swiss National Bank confirms that it will provide liquidity to Credit Suisse
ZURICH (Reuters) – The Swiss National Bank confirmed on Thursday that it will provide liquidity to Credit Suisse against sufficient collateral.
“Within the framework of its statutory mandate, the SNB may provide liquidity to a domestic bank against collateral,” In response to journalists’ questions, the central bank stated.
Credit Suisse announced Thursday morning that it will use a $54 billion loan by the SNB to boost liquidity and investor confidence.
(Reporting and editing by John Revill; edited by Jason Neely
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“From Swiss National Bank confirms it will provide liquidity for Credit Suisse”
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