The Swiss government provided 9 billion Swiss francs in guarantees for potential losses from UBS's takeover of Credit Suisse assets. The central bank granted Credit Suisse and UBS 100 billion Swiss francs in liquidity assistance. Regulators said that Credit Suisse bonds with a face value of about 16 billion Swiss francs were completely written down. , private investors help cover costs. The acquisition has been approved by regulators and does not require the approval of the bank's shareholders. UBS's purchase price is already an increased offer. The media earlier said that the acquisition price reached by UBS was more than 2 billion U.S. dollars. UBS previously offered 1 billion U.S. dollars and also required that if the bank’s CDS spread exceeded 100 basis points, the transaction would be invalid; the Swiss government had considered that if UBS acquired If not, nationalize Credit Suisse.
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