The lower house of Switzerland's parliament voted late on Tuesday to retrospectively reject the 109 billion Swiss francs of financial guarantees the government gave to Credit Suisse as part of a hastily cobbled-together rescue package.
The logo of Credit Suisse bank is seen outside its office building in Hong Kong, China March 20, 2023. REUTERS/Tyrone Siu/File Photo
BERN, April 12 - The lower house of Switzerland's parliament voted late on Tuesday to retrospectively reject the 109 billion Swiss francs of financial guarantees the government gave to Credit SuisseAt an extraordinary government session called to discuss Credit Suisse's demise, 102 parliamentarians voted against the measure. Earlier on Tuesday, Switzerland'sThe votes are, however, largely symbolic as the state has committed the funds and lawmakers cannot overturn that decision.
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