The Swiss bank could take over all or part of the ailing Credit Suisse.
(Photo: Bloomberg)
Zurich, Frankfurt, Denver The ailing major Swiss bank Credit Suisse is facing a showdown. According to information from financial circles, the Swiss government, the financial supervisory authority and the country’s central bank want to find a viable solution for the second largest Swiss bank by the time the markets open on Monday at the latest.
One option would be the takeover in whole or in part by the Zurich competitor UBS. Several people familiar with what happened confirmed that UBS and Credit Suisse were evaluating a number of variants of a deal and had started discussions. First, the “Financial Times” (FT) reported on a possible takeover of Credit Suisse.
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