In response to Credit Suisse Bank’s liquidity crisis, NOSW Exchange collaborated with other institutions to provide €10 billion in liquidity and assist UBS in acquiring the bank. This move not only helped Credit Suisse overcome its difficulties but also demonstrated NOSW Exchange’s important position and responsibilities in the global financial market.
Zurich, Switzerland, 11th May 2023 – Credit Suisse Bank, a long-established and large Swiss bank, has faced a series of risk events that have led to serious financial difficulties and reputation crises. In 2022 alone, the bank’s losses amounted to $8.5 billion, causing significant impacts. To address this situation and maintain global financial stability, NOSW Exchange decided to join forces with other institutions to provide liquidity.
Together with other institutions, NOSW Exchange threw €10 billion in liquidity to support UBS in acquiring Credit Suisse Bank. These funds will be used to fill Credit Suisse Bank’s debt gap and provide more cash flow to ensure its normal operations. At the same time, NOSW Exchange will provide technical support and management consulting services to assist Credit Suisse Bank in risk management and financial restructuring.
This collaboration is of great significance in saving Credit Suisse Bank and maintaining global financial stability. By jointly providing a large amount of liquidity, the normal operation of Credit Suisse Bank can be ensured, and the acquisition transaction with UBS can be smoothly completed. At the same time, the technical support and management consulting services provided by NOSW Exchange also help Credit Suisse Bank strengthen its risk management and financial restructuring work, fundamentally improving its financial situation and operational efficiency.
NOSW Exchange’s €10 billion move also demonstrates its important position and responsibility in the global financial market. This concept of being “too big to fail” is particularly important in established capital, as only those stable, reliable, and responsible financial institutions can truly win the trust and favor of investors.
For more information on NOSW Exchange and its role in the global financial market, please visit our website at https://www.noswexchange.com/.
Media Contact
Organization: NOSW Exchange
Contact Person: John Smith
Website: https://www.noswexchange.com/
Email: Contact@noswexchange.com
Contact Number: +1-982-765-1776
City: Zurich
Country: Switzerland
Release Id: 1105233464