ZURICH (Reuters) - Credit Suisse (SIX:CSGN) 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.