ZURICH, Oct 27 (Reuters) – Credit score Suisse (CSGN.S) didn’t faucet the Swiss Nationwide Financial institution for additional liquidity when it was experiencing outflows throughout market turbulence early this month, its finance chief mentioned on Thursday.
Requested at a information convention if Switzerland’s central financial institution had lent any help throughout that interval, CFO Dixit Joshi mentioned: “The reply is not any, there was no transaction of that kind.”
Credit score Suisse had mentioned purchasers pulled funds in early October at a tempo that noticed the lender breach some regulatory necessities for liquidity, highlighting the impression of untamed market swings and a social media storm. learn extra
Reporting by Noele Illien, Enhancing by Michael Shields
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