UBS examines takeover of Credit Suisse, with possible Swiss govt guarantee - sources
that could see the Swiss government offer a guarantee against the risks involved, said two people with knowledge of the matter on Saturday.
Dating back to the mid-nineteenth century, UBS is Switzerland's biggest bank with a market value of 60 billion Swiss francs and the world's largest wealth manager. Earlier this week, UBS Chief Executive Ralph Hamers said he was focused on organic growth rather than M&A. The turmoil at Credit Suisse has put another dent in the Swiss reputation for financial stability on which UBS depends.
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