Swiss National Bank

Swiss Government Forces Emergency UBS Acquisition of Credit Suisse After Regulatory Failure, Ending 167 Years of Swiss Banking History

| Importance: 9/10

In an emergency Sunday night intervention to prevent global financial contagion, the Swiss Federal Council exercises emergency powers to force UBS’s acquisition of Credit Suisse without shareholder approval, marking the collapse of one of 30 ‘globally systemically important banks’ …

Credit Suisse UBS FINMA Swiss Federal Council Swiss National Bank +3 more banking-collapse regulatory-capture too-big-to-fail systemic-risk finma +2 more
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