SNB Offers $100 Billion Liquidity to UBS as Part of CS Deal: DJ

A Swiss national flag outside the headquarters of the Swiss National Bank (SNB) in Bern, Switzerland, on Wednesday, March 15, 2023. Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion) and offered to repurchase debt, seeking to stem a crisis of confidence that has sent shockwaves across the global financial system. , Bloomberg

Angela Cullen, Bloomberg News

Mar 19, 2023

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(Bloomberg) -- The Swiss National Bank has offered UBS Group AG around $100 billion in liquidity to help it take on the operations of Credit Suisse Group AG, Dow Jones reported on Sunday, citing unidentified people familiar with the matter.

Details of the liquidity offer couldn’t be learned but are part of the talks to engineer a takeover of Credit Suisse.

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