Courtesy of Credit Suisse
- Credit Suisse asked the Swiss National Bank for a show of support, the Financial Times reported.
- Chairman Axel Lehmann also said the bank had no need for financial help from the state.
- This comes as the lender's credit default swaps surged, indicate declining confidence in the bank.
Credit Suisse has turned to the Swiss National Bank for a show of support on Wednesday, sources told the Financial Times, as the bank's stock crashed and fears of a default spiked.
The lender also sought public support from Swiss financial regulator Finma, but so far neither institution has decided to do so, the FT said.