Credit Suisse Rescue Package Rejected by Swiss Parliament

Credit Suisse Rescue Package

Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion) in financial guarantees in a largely symbolic vote as the government commitment, made using emergency law, cannot be overturned.

Although parliament’s upper house earlier on Wednesday retrospectively approved the measures, the lower house rejected them for the second time after already voting against them on Tuesday.

ZURICH (Reuters)

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