Both institutions said in a joint statement that Credit Suisse “meets the capital and liquidity requirements imposed on systemically important banks.”
Governments and at least one bank were pressuring Switzerland to act, people familiar with the matter said.
The SNB and FINMA also said that “there are no indications of a direct contagion risk for Swiss institutions due to the current turmoil in the US banking market.”
The entity’s share, considered the weak point of the banking network in Switzerland, fell 24.24%, with a market capitalization of just under 6.7 billion Swiss francs (about 7.2 billion dollars).
During the session, it lost 30% and reached a record low of 1.55 Swiss francs (1.66 dollars), despite the intervention of its president, Axel Lehmann, to reassure the markets.
With information from Reuters and AFP