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Yesterday, the Swiss banking giant, UBS, agreed to a shotgun wedding with its collapsing long-time Swiss rival, Credit Suisse. Switzerland has committed $173 billion in loans and guarantees to the combined firm. A key player in this deal was the central bank of Switzerland, the Swiss National Bank. That’s the very same central bank that had […]
Posts Tagged ‘backstop’
UBS Was Quietly Bailed Out in 2008; Now It’s Getting a $173 Billion Backstop to Buy Credit Suisse at 82 Cents a Share
March 20th, 2023 
Awake Goy 
Posted in Jewish News 
Tags: backstop, bailed, billion, Credit, getting, quietly, suisse 
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