Summary: Credit Suisse faced a confidence crisis and was acquired by UBS in a government-backed rescue deal.
Start: 2023-03-15 • Status: resolved
Timeline
- Mar 15, 2023 — Credit Suisse shares fell sharply amid market panic. source
- Mar 16, 2023 — Swiss central bank provided emergency liquidity support. source
- Mar 19, 2023 — UBS agreed to acquire Credit Suisse in government-backed deal. source
- Jun 12, 2023 — UBS completed acquisition of Credit Suisse. source