In a recent report, the Swiss Financial Market Supervisory Authority disclosed a major oversight of Credit Suisse's bank supervision, pointing to its failures in risk management, corporate governance and risk culture。

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.。

On June 12, UBS said it had completed its acquisition of Credit Suisse.。Upon completion of the acquisition, UBS will take another step forward in wealth management and will become an asset-liability expression1.$6 trillion of Swiss giant banks, compared to 8,075 GDP for an entire country in 2022.$6.8 billion。

Hundreds of employees at Credit Suisse quit every week, according to media reports, suggesting the bank faces a lot of uncertainty when it is taken over by rival UBS.。

The BlackRock Investment Institute says it prefers private credit to public credit because the banking turmoil has made traditional lenders cautious, opening up new opportunities in the funding market.。

On Thursday, Credit Suisse said it would take action to shore up its finances.。Specifically, Credit Suisse will borrow 50 billion francs ($53.7 billion) from the SNB liquidity facility.。