LONDON, May 18 (Reuters) - Credit Suisse (CSGN.S) came close to falling below minimum levels of cash held at the Swiss central bank days before its forced takeover by UBS (UBSG.S), a regulatory document shows.
As of mid-March 2023, Credit Suisse barely reached its internal cash limit at the Swiss National Bank.
Credit Suisse was forced into a government orchestrated rescue on March 19.
FINMA and Credit Suisse declined to comment.
FINMA stated in the decree that a viability event occurred and that Credit Suisse could therefore wipe out the instruments.