Swiss finance minister defends rushed banking takeover

Swiss finance minister defends rushed takeover of Credit Suisse

The government ‘only went as far as was absolutely necessary,’ Karin Keller-Sutter tells Neue Zürcher Zeitung.

Swiss finance minister defends rushed banking takeover

ZURICH (Reuters) - Switzerland's finance minister defended the shotgun merger between the country's two largest banks in an interview with Swiss newspaper Neue Zuercher Zeitung on Saturday, saying the use of emergency law was necessary to stabilise the situation. "Credit Suisse would not have survived Monday," Karin Keller-Sutter said, explaining the need to find a swift solution for Credit Suisse's woes. "Without a solution, payment transac…

Swiss finance minister defends rushed banking takeover

Switzerland's finance minister defended the shotgun merger between the country's two largest banks in an interview with Swiss newspaper Neue Zuercher Zeitung on Saturday, saying the use of emergency law was necessary to stabilise the situation.