The Swiss National Bank (SNB) has announced that UBS has bought back the stabilisation fund set up to rescue it in 2008. Find out what stabilisation funds are.

During the financial crisis, the Swiss government, the Swiss financial markets watchdog and the SNB bailed out UBS, the country’s biggest bank, including taking on some $39 billion in illiquid assets by the SNB which have since turned profitable.

UBS will pay $1 billion as well as half of the remaining purchase price. The SNB has said that the repayments will have a favourable impact on its 2013 annual results.

Find out more about UBS in the news.

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