Rolling coverage of the latest economic and financial news, as troubled Credit Suisse gets central bank support to stem crisis rocking financial markets
Credit Suisse: what is happening at Swiss bank and should we be worried?
Chancellor Jeremy Hunt says he is encouraged by news that Switzerland’s central bank had offered liquidity to Credit Suisse, with up to 50bn Swiss francs of support lined up.
Asked how concerned he was about the situation, Hunt told Sky News television:
Chancellors never comment on what’s happening in the markets.
Obviously, I’m following the situation. The governor of the Bank of England is following it very closely.