by Calculated Risk on 10/16/2008 04:08:00 PM

From the WSJ: Switzerland to Inject Capital Into UBS

Switzerland's government and central bank Thursday offered emergency help to the country's two largest banks, following rescue plans in other countries to support the banking system.

The Swiss National Bank will assume up to $60 billion of risky securities from UBS, leaving it nearly free of toxic assets, a move meant to restore trust in UBS, the central bank said.

On the road today ... I see the bailouts continue, and the same with market volatility. Best to all.