Tag: ubs

In the wake of the collapse of Silicon Valley Bank and Signature Bank, the blowback continues to ripple outward globally with the current death throes of Credit Suisse Bank. In an announcement made on Sunday by Swiss regulators FINMA, the world was made aware of the Swiss National Bank and UBS (a multinational investment bank) coming together to acquire Credit Suisse, with the backing of Swiss authorities. This purchase was done in an effort to save the rival Swiss bank (and financial system) from collapse.