2023-03-20 — cointelegraph.com
``Also, as part of the deal, the Swiss National Bank (SNB) committed to provide over $100 billion in liquidity line to USB. According to the FT, the deal was heavily influenced by the SNB and the Swiss Financial Market Supervisory Authority (FINMA). United States and European regulators are said to have approved the deal, with coordinated statements to be released later on Sunday... Credit Suisse's rescue plan would also include losses to bondholders. The move prompted European regulator's concerns that it would undermine investor confidence in Europe's financial sector.''
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