At an extraordinary government session called to discuss
Credit Suisse's demise, 102 parliamentarians voted against the
measure. Earlier on Tuesday, Switzerland's upper house voted in
favor of the government guarantees.
The votes are, however, largely symbolic as the state has
committed the funds and lawmakers cannot overturn that decision.
(Reporting by Noele Illien; Editing by Leslie Adler)
BERN, April 12 (Reuters) - The lower house of
Switzerland's parliament voted late on Tuesday to
retrospectively reject the 109 billion Swiss francs of financial
guarantees the government gave to Credit Suisse as part
of a hastily cobbled-together rescue package.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.