Swizz Cheese: Gnomes of Zürich riddled with holes - UK Column News - 20th March 2023

Sources: https://www.ukcolumn.org/video/uk-column-news-20th-march-2023
- FT: Swiss central bank offers Credit Suisse liquidity backstop
- Credit Suisse said on Thursday it intended to borrow up to 50 billion Swiss francs from the Swiss National Bank
- The Swiss National Bank reports a loss of CHF 132.5 billion for 2022
- SNB Balance sheet as at 31 December 2021—Total liabilities: 1,056,776.2
- Statement from the Bank of England: Coordinated central bank action to enhance the provision of U.S. dollar liquidity
- UBS Rescues Credit Suisse With Help From Swiss National Bank
- FT: UBS shares fall after Credit Suisse rescue deal
- BBC: The UK's central bank has said banks are "safe" after regulators agreed a rescue deal for Credit Suisse aimed at preventing fears over banks spreading
- Credit Suisse says $17 billion debt worthless, angering bondholders
- FINMA approves merger of UBS and Credit Suisse