ECB questions Credit Suisse bond bail-in
Swiss government, SNB and Finma organise rescue of troubled lender that pays out to equity-holders
Switzerland’s central bank, financial markets regulator and government faced implicit criticism from eurozone authorities over their rescue of troubled lender Credit Suisse this weekend.
The Swiss National Bank and Finma announced on March 19 that they had approved UBS’s takeover of Credit Suisse. “With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the SNB said.
The SNB also said it
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