On August 11, UBS said it had halted a bailout of Credit Suisse with Swiss authorities and had repaid an emergency loan provided by the Swiss National Bank.。

Earlier, the Swiss government set out a bailout plan as UBS prepared to buy Credit Suisse, aiming to help UBS cover its losses and provide liquidity to it as it moves forward with the complex takeover deal.。UBS completed its acquisition of Credit Suisse on June 12.。

UBS says now company 'voluntarily terminates' bailout。The bank has now repaid a 50 billion Swiss franc loan from the Swiss National Bank and a 100 billion Swiss franc liquidity support from the Swiss government, while terminating a 9 billion Swiss franc "loss protection agreement" with the government.。

UBS also paid Swiss authorities about 7.A commitment fee and risk premium of CHF 300 million, of which CHF 200 million was paid to the Government and CHF 5 to the Swiss National Bank..300 million Swiss francs。

"This is a testament to the strength of UBS," UBS chief executive Sergio Ermotti and chairman Colm Kelleher said in an internal letter to employees.。"

Outsiders see this as a sign that UBS's massive consolidation of Credit Suisse may be on track。

Citigroup analysts said in a note that the decision provided reassurance about the "health of Credit Suisse's non-core portfolio."。Early voluntary repayments may also help resolve other issues, such as negotiations over the retention of Credit Suisse operations.。"

Earlier, as the Swiss government intervened in the acquisition and launched a bailout plan, there were a number of skeptical voices in Switzerland, many questioning that the bailout plan would pass on the Credit Suisse crisis to taxpayers.。

There is also public concern that the new bank will be too large, as its balance sheet after the completion of the acquisition is about twice the size of the Swiss economy.。

In the face of public skepticism, UBS and the Swiss government have promised that the acquisition will pay off for shareholders and will not be a burden on taxpayers.。At the same time, the Swiss financial market regulator has also said it will strengthen supervision。

But the Swiss government's involvement is understandable.。Credit Suisse was one of 30 systemically important banks around the world at the time it declared bankruptcy, as was UBS.。And the merger of these two giant banks, one of the best in Switzerland, is bound to be difficult and complex.。And the deal is likely to drag UBS into the water, and may even affect Switzerland's position as the world's top financial center.。

After UBS announced the government's bailout plan, Switzerland's Finance Minister Karin Keller-Sutter told a press conference that Swiss taxpayers no longer bear any of the risks associated with the rescue of Credit Suisse.。

UBS will report its second quarter results on August 31, when we will see more information about the acquisition of Credit Suisse through the earnings report.。