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Credit Suisse rescue package rejected by Swiss parliament
Although parliament’s upper house earlier today retrospectively approved the measures, the lower house rejected them for the second time. — Reuters pic

ZURICH, April 12 — Switzerland’s parliament today rejected a Credit Suisse rescue package that included 109 billion Swiss francs (RM53.6 trllion)in financial guarantees in a largely symbolic vote as the government commitment, made using emergency law, can not be overturned.

Although parliament’s upper house earlier today retrospectively approved the measures, the lower house rejected them for the second time after already voting against them yesterday — Reuters

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