Swiss Government Approves $118Bln Bailout Plan to Allow Acquisition Credit Suisse by UBS

Swiss Government Approves 8Bln Bailout Plan to Allow Acquisition Credit Suisse by UBS

MOSCOW (Sputnik) – The Swiss government announced on Wednesday that it will provide urgent guarantee credits, amounting to 109 billion Swiss francs ($118 billion), for the Swiss National Bank (SNB) and UBS to take over Credit Suisse.

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