Advertisement
UK markets close in 7 hours 24 minutes
  • FTSE 100

    8,281.56
    +68.07 (+0.83%)
     
  • FTSE 250

    20,355.55
    +191.01 (+0.95%)
     
  • AIM

    776.32
    +4.79 (+0.62%)
     
  • GBP/EUR

    1.1646
    -0.0014 (-0.12%)
     
  • GBP/USD

    1.2534
    -0.0029 (-0.23%)
     
  • Bitcoin GBP

    50,824.05
    -713.57 (-1.38%)
     
  • CMC Crypto 200

    1,370.35
    +5.23 (+0.38%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CRUDE OIL

    78.29
    -0.19 (-0.24%)
     
  • GOLD FUTURES

    2,326.70
    -4.50 (-0.19%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,465.93
    -112.37 (-0.60%)
     
  • DAX

    18,229.60
    +54.39 (+0.30%)
     
  • CAC 40

    8,022.90
    +26.26 (+0.33%)
     

Credit Suisse did not tap Swiss National Bank for liquidity during turbulence - CFO

Logo of Swiss bank Credit Suisse is seen in Zurich

ZURICH (Reuters) - Credit Suisse did not tap the Swiss National Bank for extra liquidity when it was experiencing outflows during market turbulence early this month, its finance chief said on Thursday.

Asked at a news conference if Switzerland's central bank had lent any assistance during that period, CFO Dixit Joshi said: "The answer is no, there was no transaction of that sort."

Credit Suisse had said clients pulled funds in early October at a pace that saw the lender breach some regulatory requirements for liquidity, highlighting the impact of wild market swings and a social media storm.

(Reporting by Noele Illien, Editing by Michael Shields)