. Together with the Swiss government and financial market regulator FINMA, the Swiss National Bank helped orchestrate the emergency takeover of Credit Suisse\n \n by UBS \n \n on Sunday to prevent the collapse of the country’s second-biggest bank. “The measures announced at the weekend … have put a halt to the crisis,” the central bank said in a statement. “The SNB is providing large amounts of liquidity assistance in Swiss francs and foreign currencies.
” Credit Suisse was on the brink of collapse last week before the Swiss authorities stepped in, first with an emergency loan of central bank cash, followed by the initiation of frantic negotiations to secure a deal for the bank to be bought by its bigger rival. The Sunday night rescue may have prevented the banking crisis from escalating, but it also left Swiss taxpayers on the hook for potential losses, and the SNB committed to providing huge loans should further help be required.
restrict the high usury rates and greedy Billionairres wouldn't need bailing out!
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Global stocks rise as investor worries about global banking turmoil ease | CNN BusinessStocks in the Asia Pacific region rose as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players.
Källa: cnni - 🏆 326. / 59 Läs mer »
China imports 27 foreign video games as it reopens market to global titles | CNN BusinessChina has approved 27 foreign video games, including titles to be released by Tencent, NetEase and Bilibili, as it gradually reopens the world’s largest mobile entertainment market to international titles. How are games released by tencent foreign...
Källa: cnni - 🏆 326. / 59 Läs mer »
Google suspends Chinese shopping app Pinduoduo over malware | CNN BusinessGoogle has suspended Pinduoduo, a popular Chinese budget shopping app, from its Play Store after finding malware in versions of the app.
Källa: cnni - 🏆 326. / 59 Läs mer »
Dominion wants Rupert and Lachlan Murdoch to testify at trial, court filing shows | CNN BusinessDominion wants to put Rupert Murdoch and his son Lachlan Murdoch on the witness stand at next month's expected defamation trial against Fox News, according to court filings. Popcorn..with extra salt please. Don't forget to ask that 92 yr old prick about obstruction of justice by hiding his money in his new wife's name How much do Dominion rigging machines cost?
Källa: CNN - 🏆 4. / 95 Läs mer »