In a joint statement on Wednesday 15 March, the Swiss National Bank (SNB) and the country's financial regulator, FINMA, sought to put an end to months of speculation on the bank's future, which culminated in a 30% fall in its share price stock exchange on Wednesday. They decide to support the group.

The SNB downplayed the threat to the bank, saying that “the current turmoil in the US banking market” would not affect Swiss banks. Indeed, in collaboration with the country's financial regulator, the bank decides to support the group and “if necessary, the SNB will provide liquidity to the CS” according to their statement. The move aims to end a crisis of confidence in Switzerland's second-largest creditor, which stems from years of scandals and losses.

It should be noted that the collapse of Silicon Valley Bank in the United States on Friday caused a widespread flight to quality that saw the largest creditors deemed more solid, including Swiss rival UBS Group AG, attract deposits, which compounded Credit Suisse's difficulties.