Swiss authorities back UBS emergency takeover of Credit Suisse
On 19 March 2023 Swiss authorities backed an emergency takeover of Credit Suisse by UBS after confidence in the bank collapsed, and the regulator FINMA approved the deal the same day. To support the takeover, the Federal Council obtained parliamentary Finance Delegation approval for emergency federal guarantees: CHF 100 billion to cover Swiss National Bank liquidity loans to Credit Suisse and CHF 9 billion against losses on certain assets UBS would take over.
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On 19 March 2023 Swiss authorities backed an emergency takeover of Credit Suisse by UBS after confidence in the bank collapsed, and the regulator FINMA approved the deal the same day. To support the takeover, the Federal Council obtained parliamentary Finance Delegation approval for emergency federal guarantees: CHF 100 billion to cover Swiss National Bank liquidity loans to Credit Suisse and CHF 9 billion against losses on certain assets UBS would take over.
Who was responsible
Contribution type and responsibility level for each recorded actor — not sole-author shorthand.
Swiss Federal Council
OrganizationDirect responsibility
verified
What changed
Fact → Driver → Indicator. Relationship strength orders the paths; it is not the observed indicator movement.
No public driver impacts are listed for this fact.
Evidence
The sources behind this fact and its verification state.
- 1.Swiss National Bank provides substantial liquidity assistance to support UBS takeover of Credit SuisseSwiss National Bank · verified
- 2.parlament.ch — www.parlament.chparlament.ch · verified
- 3.FINMA approves merger of UBS and Credit Suissefinma.ch · verified
Causal path
How this event connects to drivers and indicators in the graph.
No causal path is recorded: this fact is not linked to a driver.
Cite this page
Factrail. (2026). Swiss authorities back UBS emergency takeover of Credit Suisse. Factrail. https://factrail.ai/facts/ubs-takeover-credit-suisse-state-backed-2023-03-19
https://factrail.ai/facts/ubs-takeover-credit-suisse-state-backed-2023-03-19
Accessed 19 October 2026.
By the Factrail desk · Method: how we source and score · Last reviewed
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