Credit Suisse/UBS: all federal guarantees terminated
Bern, 11.8.2023 - UBS has definitively terminated the agreement regarding the federal loss protection guarantee in the amount of CHF 9 billion, as well as the agreement with the SNB regarding the federal guarantee of no more than CHF 100 billion to secure liquidity assistance loans. These measures, which were created under emergency law to preserve financial stability, will thus cease to exist, and the Confederation and taxpayers will no longer bear any risks arising from these guarantees. Furthermore, the Confederation earned receipts of around CHF 200 million on the guarantees.