UBS could buy troubled Credit Suisse, FT reports
a report
in the Financial Times, which cites multiple people briefed on the talks, UBS is weighing whether to acquire all or part of Credit Suisse. Swiss National Bank, along with Swiss regulators, are arranging the talks in an effort to bolster confidence in the country's banks, the FT reported. UBS declined to provide a comment, while Credit Suisse could not be immediately reached for comment. of Silicon Valley Bank sent shockwaves throughout the banking sector as investors and deposit-holders feared other banks could be next.
Credit Suisse was hit particularly hard by investors' concerns since it's faced a slew of other challenges recently, including an announcement last week that it wouldTo make matters worse, this week, the Zurich-based bank's largest shareholder, Saudi National Bank, warned it would beOn Thursday, after shares of Credit Suisse hit an all-time low, the troubled bank said it had secured a $50 billionThe FT reported that Swiss regulators have told counterparts in the US and UK that a...
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