Swiss parliament rejects Credit Suisse rescue plan.

1 min read
Source: Reuters
Swiss parliament rejects Credit Suisse rescue plan.
Photo: Reuters
TL;DR

Switzerland's parliament has rejected Credit Suisse's rescue package, which included 109 billion Swiss francs ($120.87 billion) in financial guarantees, in a largely symbolic vote. The government commitment, made using emergency law, cannot be overturned. The lower house rejected the measures for the second time after already voting against them on Tuesday.

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