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as just confirmed in the press conference, the overall liquidity safety net is actually 200B CHF from SNB. Then 9B of guarantees from the Swiss government to UB
by dafrie 4y ago
as just confirmed in the press conference, the overall liquidity safety net is actually 200B CHF from SNB. Then 9B of guarantees from the Swiss government to UBS for potential risks
- lvl102 4y agoThis deal makes no sense. They also wrote down some creditors to zero while equity holders got at least a few cents. Edit: and now CBs come out with additional coordinated measure.