UBS is in talks to take over all or part of Credit Suisse, sources tell the Financial Times
Publishing timestamp: 2023-03-17 20:10:57
Summary
UBS is reportedly in talks to take over all or part of Credit Suisse, as Swiss regulators aim to boost confidence in the country's banking sector. The global banking sector has been under increasing pressure, with Credit Suisse shares falling and other banks suffering losses. The pressure to combine UBS and Credit Suisse recalls the 2008 financial crisis, and UBS executives and its board are likely weighing the lessons from that time.
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Tickers: FRC, UBSG-CH, CS, UBS, CSG.N-CH,
Keywords: markets, banks, business news, ubs group ag, credit suisse group ag, first republic bank,