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Published 1 year ago

Swiss sight deposits jump, suggesting Credit Suisse, UBS took emergency liquidity

Summary by Ground News
Sight deposits – cash held by the SNB for commercial banks overnight – jumped to 567 billion Swiss francs ($619 billion) from 515 billion francs a week earlier. The 52 billion franc increase was the second-highest on record, just behind a 52.4 billion franc leap in August 2011. Last week’s rise indicates that both UBS and Credit Suisse may have used some of the 200billion francs in extra liquidity.

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