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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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  • 67% of the sources are Center
67% Center
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Times of India broke the news in India on Saturday, March 18, 2023.
Sources are mostly out of (0)