UBS, regulators race to seal Credit Suisse deal as soon as Saturday, Financial Times reports
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6 Articles
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 …
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.
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