Now playing Next Switzerland UBS to acquire troubled rival Credit Suisse in Swiss government deal The Swiss central bank is extending a line of credit up to CHF 100 billion (€100 billion) to UBS and Credit Suisse. 19/03/2023
Now playing Next Switzerland Credit Suisse to borrow €51 billion from Swiss central bank Credit Suisse said it would exercise an option to borrow up to €51 billion from Switzerland's central bank 16/03/2023
Now playing Next Europe News EU should 'stay alert' after Silicon Valley Bank collapse: McGuinness "Higher inflation and rising interest rates present different challenges to financial stability," said European Commissioner Mairead McGuinness. 15/03/2023
Now playing Next Switzerland European banks plunge, dragged down by Credit Suisse On the Paris stock exchange, French bank Société Générale fell by 10.6% and BNP Paribas by 10.3% - marking the biggest decline in the session since 24 February 2022 for Société Générale and since 16 March 2020 for BNP Paribas. 15/03/2023
Now playing Next Switzerland Credit Suisse leak alleges bank stashed billions in illicit funds Credit Suisse 'strongly rejects' the accusations. 21/02/2022
Now playing Next Switzerland Credit Suisse chairman resigns after alleged COVID breaches Antonio Horta-Osorio has quit following an internal investigation, saying 'a number of my personal actions have led to difficulties for the bank'. 17/01/2022
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