Credit Suisse has paid back government-backed liquidity

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Credit Suisse has paid back government-backed liquidity
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Credit Suisse has repaid the liquidity it borrowed from a 100 billion Swiss franc ($112.50 billion) lifeline backed by government guarantees, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Wednesday.

The logo of Credit Suisse is pictured on a building in Zurich, Switzerland, April 4, 2023. REUTERS/Pierre Albouyhas repaid the liquidity it borrowed from a 100 billion Swiss franc lifeline backed by government guarantees, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Wednesday.

"The federal guarantees, the 100 billion, have been repaid as of yesterday ," Keller-Sutter told Swiss broadcaster SRF.

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