Switzerland faces pressure from at least one major government to intervene on Credit Suisse- source

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 15 (Reuters) - Switzerland is facing pressure from at least one major government to intervene on Credit Suisse in the coming hours given the systemic nature of the bank, a source familiar with the situation told Reuters. The U.S. Treasury said it is monitoring the situation surrounding Credit Suisse and is in touch with global counterparts about it, a Treasury spokesperson said on Wednesday as the bank came under renewed market pressures after a major shareholder ruled out providing new capital.
(Reporting by Reuters staff, writing by Elisa Martinuzzi, editing by Sinead Cruise)

Messaging: sinead.cruise.thomsonreuters.com@reuters.net))
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