Swiss Banking Crisis: Credit Suisse's Liquidity Access and UBS's Wealth Management Risk.
TL;DR Summary
Credit Suisse accessed a large multi-billion amount from the Swiss National Bank last weekend to secure its liquidity due to customers withdrawing money and counterparties demanding guarantees when doing business with the bank. The exact figure is unknown, but it is assumed to be above 50 billion Swiss francs. The situation has since stabilized.
- Credit Suisse accessed billions in liquidity last weekend, Swiss finance minister says Reuters
- Credit Suisse In Crisis: What Happens When A Bank Fails In India? Indiatimes
- Credit Suisse Wouldn't Have Lasted Another Day, Minister Says Bloomberg
- Expert on Swiss banking crisis AP Archive
- The New UBS Is a Wealth Management Behemoth. That’s a Risk. Barron's
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 1 min read
Condensed
73%
199 → 54 words
Want the full story? Read the original article
Read on Reuters