Home World News Middle East Swiss Parliament Rejects Credit Guarantees Worth $120Bln for Takeover of Credit Suisse

Swiss Parliament Rejects Credit Guarantees Worth $120Bln for Takeover of Credit Suisse

Swiss Parliament Rejects Credit Guarantees Worth 0Bln for Takeover of Credit Suisse

ZURICH (Sputnik) – The Swiss parliament on Wednesday once again rejected the government’s proposal to provide 109 billion Swiss francs ($120 billion) in credit guarantees for the acquisition of troubled Credit Suisse by UBS, the country’s largest bank, though the vote will not have a significant impact on the takeover.

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