(Reporting by Noele Illien Editing by Chris Reese)
BERN, April 11 (Reuters) - Credit Suisse had
"gigantic outflows" in the weekend the Swiss bank's merger with
rival UBS was announced, Switzerland's finance minister
told Parliament's lower house.
"We had gigantic outflows between Saturday the 18th and
Monday the 20th of March," Karin Keller-Sutter said at an
extraordinary government session called to discuss Credit
Suisse's demise and retrospectively vote on the government's
rescue package.
She said the bank's elevated outflows were because
counterparties were demanding guarantees and because capital was
being withdrawn.
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