Published 1 year ago

UBS, regulators race to seal Credit Suisse deal as soon as Saturday, Financial Times reports

Summary by Ground News

Swiss National Bank and regulator Finma have told international counterparts that they regard a deal with UBS as the only option. Deposit outflows from the bank topped Sfr10bn ($10.8bn) a day late last week. UBS wants to be allowed to phase in any demands it would face under global rules on capital for the world's biggest banks.

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Times of India

UBS, regulators race to seal Credit Suisse deal: Report

UBS Group AG , Credit Suisse Group and key regulators are rushing to finalise a deal on the merger of the two Swiss banks as soon as Saturday evening, the FT reported, citing people familiar with the matter.

1 year ago·India

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Reuters

UBS, regulators race to seal Credit Suisse deal as soon as Saturday, Financial Times reports

The Swiss National Bank and Swiss regulator FINMA have told their international counterparts they regard a deal with UBS Group as the only way to prevent a collapse in confidence in Credit Suisse Group , the Financial Times reported on Saturday.

1 year ago·United Kingdom

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MarketWatch

UBS and regulators rush to seal Credit Suisse takeover deal: reports

Credit Suisse, UBS and their key regulators are working out a deal on the merger of Switzerland’s two biggest banks, according to reports on Saturday.

1 year ago·United States

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Financial Times

UBS and regulators rush to seal Credit Suisse takeover deal

Financial Times: Race on to thrash out deal.

1 year ago·London, United Kingdom

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Zero Hedge

UBS Seeks Government Backstop As It Rushes To Finalize Credit Suisse Takeover Deal As Soon As Tonight

UBS Seeks Government Backstop As It Rushes To Finalize Credit Suisse Takeover Deal As Soon As Tonight So much can change in just 48 hours. Late on Thursday, just hours after the SNB had launched the first (of many) bailout attempts of Swiss banking giant Credit Suisse, Bloomberg blasted the following headline: *UBS, CREDIT SUISSE SAID TO OPPOSE IDEA OF A FORCED COMBINATION This lack of enthusiasm by UBS to acquire its struggling rival of course …

1 year ago·United States

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TRT World

Credit Suisse faces demise as UBS, Swiss regulators discuss takeover

Switzerland's largest bank, UBS, is reported to be negotiating to buy all or part of Credit Suisse, with the blessing of the Swiss regulatory authorities, according to news reports.

1 year ago·Istanbul, Türkiye

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