UBS in talks to acquire Credit Suisse

UBS in talks to acquire Credit Suisse FMTNews FMTBusiness

The idea of a takeover by UBS was floated this week by JP Morgan as the “most likely” scenario.

The Swiss National Bank and financial markets watchdog Finma told their US and British counterparts their ‘Plan A’ to stop the crisis of confidence facing Credit Suisse was to merge it with UBS, the FT reported Friday, citing unnamed sources. When reached by AFP, both SNB and Credit Suisse declined to comment, while UBS and Finma did not respond immediately.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in MY

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European shares rise as investors cheer Credit Suisse securing lifeline, ECB in focusBRUSSELS, March 16 — European shares rose today, as beleaguered lender Credit Suisse rallied after a lifeline from the Swiss National Bank allayed some fears of a global banking...
Read more »

Credit Suisse pinjam lebih AS$50 bilionSaham bank kedua terbesar Switzerland itu merosot 30 peratus selepas pendeposit keluar simpanan AS$122 bilion.
Read more »

Credit Suisse says key liquidity measure did not change the week SVB fellNEW YORK, March 17 — Credit Suisse Group AG’s average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March...
Read more »

Credit Suisse bounces back but caution lingersZURICH, March 17 — Credit Suisse rallied on the stock market yesterday after grabbing a US$54 billion (RM243.2 billion) central bank lifeline in a bid to restore investor...
Read more »

Credit Suisse lifeline, First Republic rescue: What you need to knowA US$30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S. lender's shares showed investors were still worried about cracks in the sector.
Read more »

Major banks place curbs on new dealings with Credit SuisseMajor banks place curbs on new dealings with Credit Suisse FMTNews FMTBusiness
Read more »