Switzerland’s national flags flying beside the logo of Swiss bank Credit Suisse in Zurich. - Reuters
GENEVA: Credit Suisse Group AG is considering a plan to create a 20-billion franc ($21 billion) loan program to aid small and medium-sized Swiss businesses affected by the coronavirus, according to the Swiss newspaper Handelszeitung.
Other large lenders -- like Raiffeisen Bank International AG and Zuercher Kantonalbank -- are also considering the proposal, which was initiated by Credit Suisse’s new chief executive Thomas Gottstein, according to the report, which cited several unnamed sources.
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