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Switzerland: Government provides CHF 9 billion guarantee to UBS in context of UBS takeover of Credit Suisse

Description

On 19 March 2023, the Swiss government announced providing a CHF 9 billion (USD 9.7 billion) guarantee to UBS in the context of UBS' takeover of Credit Suisse. According to the press release, with the...

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Intervention Details

Intervention Type

State aid, nes

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Mar 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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