Swiss economymedium
Which company received an amount of 60 billions of francs to bailout its funds in 2008?
A real Swiss naturalisation exam question. Answer from memory, then check.
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The correct answer
- UBS
Why
UBS received 60 billion francs to strengthen its funds in 2008 during the global financial crisis. This government aid and support from the Swiss National Bank (SNB) aimed to prevent the collapse of Switzerland's largest bank. This event illustrates the importance of Swiss financial institutions in the global economy and the stabilisation role of the state.
- UBS
- Quartz
- Credit Suisse
- Swiss International Air Lines
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