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.

Published 4 days ago · New York, United States

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Times of India

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Reuters

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