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Exclusive-Credit Suisse Tells Staff SNB Facility Does Not Trigger A 'viability Event | Old North State Wealth News
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Exclusive-Credit Suisse tells staff SNB facility does not trigger a ‘viability event

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2 weeks ago

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By Selena Li

(Reuters) – Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a “viability event,” according to documents seen by Reuters.

The bank also gave an update on how much money it had returned to investors in its supply chain finance funds, according to the document dated March 16. The document gave talking points to staff for client conversations.

Credit Suisse declined to comment on the memo.

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