Switzerland's parliament failed to approve the $120.5 billion of financial guarantees used to rescue Credit Suisse last month, in a first-round vote that was largely symbolic given the state had committed the funds
The lower house retrospectively rejected the rescue near midnight, with heated debates continuing into the early hours of Wednesday morning as members discussed other measures related to Credit Suisse.
and the Swiss government's open chequebook response to a collapse that many in the country have blamed on top management.for 3 billion Swiss francs and propped up with more than 250 billion Swiss francs in guarantees and support has been the subject of widespread criticism. In the lead-up to the merger last month, Swiss emergency law was used so that a sub-group of six members of parliament approved the financial commitment on behalf of the legislative body, to the ire of the almost 250 lawmakers left without a say.
"I heard anger, I heard frustration, sometimes I also heard a bit of helplessness," Karin Keller-Sutter said, adding that the merger between historic cross-town rivals Credit Suisse and UBS was not a forced marriage, but one of convenience. Celine Widmer, a Swiss National Council member for the left-leaning Social Democrats told Reuters ahead of the vote that "lots of questions" needed to be answered.
Herzog is one of the six members of parliament who approved the rescue deal on behalf of the legislative body.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Credit Suisse job cuts must be frozen, Swiss Bank Employees' Association saysCredit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees' Association (SBPV) said on Monday, in an open letter to the country's parliament.
続きを読む »
Swiss parliament holds emergency session on Credit Suisse rescueSince Switzerland's authorities last month pulled out all the stops to rush through a rescue of Credit Suisse , a storm has been brewing in the normally tranquil country.
続きを読む »
Swiss lawmakers open session looking at UBS-Credit Suisse dealSwitzerland’s parliament is opening a special session Tuesday to scrutinize the state-imposed takeover of Swiss bank Credit Suisse by rival UBS
続きを読む »
Swiss lawmakers pick apart Credit Suisse woes ahead of dealSwitzerland’s parliament has opened a special session to scrutinize the state-imposed takeover of Swiss bank Credit Suisse by rival UBS. Lawmakers on Tuesday also are considering strengthening the legal arsenal to better gird against financial blowups. The legislative debate could run up to three days, with lawmakers voicing and needing to iron out disagreements over the $3.25 billion merger of Switzerland’s two biggest banks. The deal to rescue long-troubled Credit Suisse marks a thunderclap for a country that prides itself on its finesse and acumen in finance. Lawmakers are discussing accountability for long-troubled Credit Suisse, state emergency funds for the merger and what it will mean to have one giant bank.
続きを読む »
Swiss parliament's upper house approves Credit Suisse rescue after heated debateSwitzerland's upper house of parliament voted on Tuesday to retrospectively approve 109 billion Swiss francs ($120.5 billion) in financial guarantees used to rescue Credit Suisse after a heated debate.
続きを読む »
Swiss parliament approves 109 billion franc rescue package for Credit SuisseThe upper house of Switzerland's parliament on Tuesday retrospectively approved 109 billion Swiss francs of financial guarantees, which were included in a rescue package for Credit Suisse .
続きを読む »