Author: Saya Bausch and Benjamin Hostettler are on the live ticker
National Council and Council of States deal withat the extraordinary session this week exclusively with the debacle surrounding Credit Suisse.
You can debate on SRF info or follow the live stream here.
themes are the Approval of the billions in commitments of the federal government and a number of test orders.
The UBS will the CS for three billion francs take over. In order to reduce risks for UBS, the federal government is taking on a Loss guarantee of nine billion Swiss francs.
Overall, the federal government and the Swiss National Bank (SNB) provide security guarantees 259 billion francs available.
A compilation of the most important articles on the current banking crisis can be found here.
Credit Suisse: Takeover by UBS
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The major bank Credit Suisse is taken over by UBS. The latest developments relating to CS and the current banking crisis in Switzerland as well as reactions and assessments can be found here.
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