off-the-wire

Credit Suisse appeals to Swiss National Bank for show of support - FT

Kitco Media
By Reuters
Published:
Updated:
Reuters

March 15 (Reuters) - Credit Suisse has appealed to the Swiss National Bank (SNB) for a public show of support, the Financial Times reported on Wednesday, after the bank's shares slid as much as 30% and sparked a broader sell-off in European and U.S. bank stocks.

Credit Suisse has asked for a similar response from Swiss regulator Finma, the report said, citing two people familiar with the matter.

The SNB and Credit Suisse both declined to comment in response to a question from Reuters.

Reporting by Sneha Bhowmik in Bengaluru; editing by Frank Jack Daniel and Toby Chopra
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