The Swiss National Bank has offered a $100 billion liquidity line to UBS Group as part of a bid to take over Credit Suisse, according to a Dow Jones report. 

No details were disclosed regarding the financial offer, which is expected to help Switzerland’s biggest bank to acquire its troubled rival. 

UBS announced on Sunday that it has agreed to take over Credit Suisse to “secure financial stability and protect the Swiss economy”. 

(Writing by Cleofe Maceda; editing by Seban Scaria) 

Cleofe.maceda@lseg.com