Swiss Economicblogs.org
On 11 August 2023, UBS announced it had ended the contract it had with Switzerland’s federal government that guaranteed CHF 9 billion of potential losses. The contract also required the Swiss National Bank (SNB) to provide liquidity assistance loans of up to CHF 100 billion. All loans from the SNB have now been repaid. © Simon Zenger | Dreamstime.comThe ending of the contract means Swiss taxpayers are no longer on the hook for any potential losses associated with the rushed merger of...
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