Credit Suisse asks central bank for show of support but SNB stays quiet

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Credit Suisse asks central bank for a show of support, but Swiss National Bank stays quiet

The lender also sought public support from Swiss financial regulator Finma, but so far neither institution has decided to do so, the FT said.

The European Central Bank is also asking European lenders to disclose their level of exposure to Credit Suisse, the FT added. Shares tumbled more than 25% on Wednesday as investors grew especially wary of Credit Suisse's deteriorating health after top shareholdertied to the bank soared, indicating mounting fear that the bank won't be able to meet its debt obligations.

Credit Suisse has been hit by losses and shrinking deposits in recent months, and analysts said intervention from the Swiss National Bank is looking more likely. The bank has undergone growing scrutiny from investors, as it sustained a

 

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