March 15 (Reuters) – Credit score Suisse has appealed to the Swiss Nationwide Financial institution (SNB) for a public present of help, the Monetary Instances reported on Wednesday, after the financial institution’s shares slid as a lot as 30% and sparked a broader sell-off in European and U.S. financial institution shares.
Credit score Suisse has requested for the same response from Swiss regulator Finma, the report mentioned, citing two individuals conversant in the matter.
The SNB and Credit score Suisse each declined to remark in response to a query from Reuters.
Reporting by Sneha Bhowmik in Bengaluru; enhancing by Frank Jack Daniel and Toby Chopra
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