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

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

Sight deposits held by the Swiss National Bank (SNB) jumped last week, suggesting that Credit Suisse and UBS may have taken emergency liquidity.

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

ZURICH (Reuters) - Sight deposits held by the Swiss National Bank (SNB) jumped last week, data showed on Monday, suggesting that both Credit Suisse and UBS may have taken big chunks of emergency liquidity to secure their merger. 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…

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

ZURICH - Sight deposits held by the Swiss National Bank (SNB) jumped last week, data showed on Monday, suggesting that both Credit Suisse and UBS may have taken big chunks of emergency liquidity to secure their merger. 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