ZURICH (Reuters) - The Swiss National Bank confirmed on Thursday that it will provide liquidity to Credit Suisse (SIX:CSGN) against sufficient collateral.
"Within the framework of its statutory mandate, the SNB may provide liquidity to a domestic bank against collateral," the central bank said in response to questions from journalists.
Credit Suisse said early on Thursday it would make use of a $54 billion loan from the SNB to shore up liquidity and investor confidence.