Swiss central bank says crisis halted as it hikes interest rates

Times of India

Lean Right

Mixed Factuality

Wealthy Private Owner: Sahu Jain Family

Credit Suisse: Credit Suisse deal halted crisis, Swiss central bank says

The Swiss central bank hiked its key interest rate on Thursday and insisted that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil. In a statement, the Swiss National Bank said it is providing large amounts of support for the deal to merge Switzerland's biggest banks and that the late Sunday announcement by the federal government, financial regulators and the central bank “put a halt to th…