Credit Suisse capital, liquidity adequate: central bank

The Swiss central bank said on Wednesday that capital and liquidity levels at troubled Credit Suisse were adequate but stressed that it was ready to provide liquidity to the institution if needed.

The announcement came after shares in Switzerland’s second-largest bank hit historic lows on Wednesday after its main shareholder said it would not invest more money, as markets rallied over European lenders. .

“Credit Suisse meets the high capital and liquidity requirements applicable to systemically important banks,” the Swiss National Bank (SNB) and Swiss financial regulator Finma said in a joint statement.