Credit Suisse intervention avoided 'financial crisis,' Swiss National Bank chairman says

Credit Suisse intervention avoided 'financial crisis,' Swiss National Bank chairman says

Swiss National Bank Chairman Thomas Jordan said the central bank's interventions during the fall of Credit Suisse were "crucial" to avoid a "financial crisis."

Swiss National Bank Chairman: Credit Suisse Intervention Prevented 'Financial Crisis'

(CTN News) – During the fall of Credit Suisse, the chairman of the Swiss National Bank Thomas Jordan said that the central bank’s actions were “crucial” to preventing a global financial crisis in the future. As a result of a collapse in shareholder and investor confidence which resulted in a massive outflow of customers from […]