Credit Suisse To Get Liquidity Backstop If Needed, Swiss Regulators Say

Switzerland’s central bank and financial regulator said Credit Suisse Group AG will receive a liquidity backstop if needed, in an effort to arrest the slump in confidence around the troubled lender. “Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks,” Finma and the Swiss National Bank said in a joint statement late Wednesday.

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