Credit Suisse says has around 27 bln Sfr of recapitalization resources

July 6, 2015 9:21 PM

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ZURICH, July 6 Credit Suisse has issued around 27 billion Swiss francs ($28.66 billion) in securities to shore up its defences in the event of an economic downturn.

In a submission to the U.S. Federal Reserve about how it would shut down its business in the United States during a crisis, Credit Suisse said it had a mixture of coco bonds -- securities that absorb losses in a potential crisis -- and loss-absorbing bonds known as TLAC.

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