Swiss National Bank broadens guarantees to cover more coronavirus loans
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ZURICH (Reuters) - The Swiss National Bank is expanding its COVID-19 refinancing facility (CRF) to cover loan guarantees given by Switzerland's regional governments, the central bank said on Monday.The facility, which previously only covered loans granted by the Swiss federal government, would also be extended to loans guaranteed jointly by the government and cantons, as well as loans for start-up companies.The SNB launched the CRF in March to provide banks with liquidity as they gave loans to..