Swiss National Bank, in guessing, provides liquidity “for purpose” for Credit Suisse’s toxic positions…from my vantage/assessment, “infinite liquidity” would be a closer approximation.
by quad-beep-05 via WSJ: The Swiss National Bank has offered UBS UBS -0.93%decrease; red down pointing triangle Group AG around $100 billion in liquidity to help it take on the operations of Credit Suisse Group AG, according to the people familiar with the matter. Details of the liquidity offer couldn’t be learned but are part of the talks to engineer …