UBS in talks to acquire Credit Suisse -FT

Summary by Reuters

Banking giant UBS (UBSG.S) is in discussions to take over all or parts of Credit Suisse (CSGN.S), with the boards of Switzerland's two biggest lenders set to meet separately over the weekend, the Financial Times reported on Friday.

Published 5 days ago · Zürich, Switzerland

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Times of India

UBS to explore Credit Suisse deal in crisis combination

Credit Suisse shares jumped 9% in after-market trading following the FT report. Credit Suisse and UBS declined to comment on the report. Credit Suisse, a 167-year-old bank, is the biggest name ensnared by market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week, forcing it to tap $54 billion in central bank funding.

5 days ago·Mumbai, India

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BBC News

Credit Suisse bank: UBS is in talks to take over its troubled rival

Emergency talks are underway in Zurich as regulators seek a deal for Credit Suisse before Monday.

4 days ago·United Kingdom

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News18 India

'Merger Of the Century': UBS Against the Clock in Credit Suisse Takeover talks

Switzerland's biggest bank UBS is being urged by the authorities to get a deal over the line in a bid to avoid a wave of contagious panic on the markets Monday, according to several media reports.

3 days ago·India

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The Guardian

UBS in talks to take over all or part of Credit Suisse as share prices fall – report

The troubled bank continued to see its price fall despite a $54bn cash infusion from the Swiss national bank

5 days ago·London, United Kingdom

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Reuters

UBS in talks to acquire Credit Suisse -FT

Banking giant UBS is in discussions to take over all or parts of Credit Suisse , with the boards of Switzerland's two biggest lenders set to meet separately over the weekend, the Financial Times reported on Friday.

5 days ago·United Kingdom

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The Hindu

Banking giant UBS acquiring Credit Suisse for $3.2 billion

While UBS is buying Credit Suisse, UBS officials said they plan to sell off parts of Credit Suisse, or reduce the size of the bank over the coming months and years.

3 days ago·India

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