• 11/11/2024

UBS Ends Credit Suisse Loss-Protection Pact

Wall Street Journal

UBS said it has terminated an agreement with the Swiss government to cover some potential losses from its acquisition of Credit Suisse and a liquidity backstop from the central bank, as it moves forward with the integration of its former rival.

https://www.wsj.com/articles/ubs-ends-credit-suisse-loss-protection-pact-liquidity-backstop-update-b58f8d35