CS turbulence – Media: UBS to hold takeover talks with Credit Suisse – News




CS turbulence – media: UBS to hold takeover talks with Credit Suisse – News – SRF

























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Contents

  • According to a media report, the major Swiss bank UBS is in talks with its competitor Credit Suisse about a takeover.
  • UBS could acquire all or part of Credit Suisse, reports the Financial Times, citing people familiar with the matter.
  • Credit Suisse shares then rose nine percent in the after-hours trading session.

According to the British financial newspaper, the Swiss National Bank (SNB) and the Financial Market Authority (Finma) are leading the talks between the two big banks.

The Swiss authorities informed their colleagues in the USA and Great Britain about the talks. Accordingly, a merger is the “ideal solution”, as an unknown source of the “Financial Times” explains.

Several options for a merger are on the table. It is also necessary to examine regulatory risks in different countries.

More to come.




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