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)
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| 0.9693 CHF | +0.05% | -1.38% | - | ||
| 0.9132 CHF | +0.15% | +0.94% | - | ||
| 0.5861 CHF | -0.22% | -1.96% | - | ||
| 0.6683 CHF | -0.09% | -0.42% | - | ||
| 11.67 CHF | +0.20% | +1.00% | - | ||
| 0.5907 CHF | -0.08% | -0.81% | - | ||
| 0.5377 CHF | -0.08% | -1.52% | - | ||
| 1.135 CHF | +0.03% | -0.90% | - | ||
| 0.6616 CHF | +0.05% | -0.78% | - | ||
| 0.1261 CHF | +0.06% | +0.64% | - | ||
| 0.009716 CHF | -0.57% | -1.02% | - | ||
| 0.0837 CHF | -0.16% | -2.45% | - | ||
| 0.0109 CHF | +0.11% | 0.00% | - | ||
| 12.99 CHF | +0.06% | -1.40% | - | ||
| 4,050 CHF | +0.25% | -2.88% | 443M | ||
