UBS takeover of Credit Suisse pushed up Swiss banks' funding costs, SNB says

Core Insights - Swiss banks are currently facing higher costs to secure liquidity in financial markets compared to two years ago, attributed to the 2023 collapse of Credit Suisse and its subsequent takeover by UBS [1] Group 1 - The Swiss National Bank reported an increase in liquidity costs for Swiss banks [1] - The collapse of Credit Suisse in 2023 is cited as a significant factor influencing the current financial landscape [1] - UBS's acquisition of Credit Suisse is also highlighted as a contributing reason for the increased liquidity costs [1]