UBS Group AG is reportedly engaged in discussions to acquire some or all of Credit Suisse Group AG, possibly with government support, in a bid to rebuild confidence in the banking industry, according to individuals familiar with the matter. Credit Suisse recently received a liquidity injection of over $50 billion from the Swiss National Bank, which failed to prevent further decline in its shares or stem the outflow of deposits, prompting the central bank and top financial regulator to facilitate talks with UBS, its larger counterpart.
UBS May Take Over Credit Suisse — Why It Matters
UBS May Take Over Credit Suisse — Why It…
UBS May Take Over Credit Suisse — Why It Matters
UBS Group AG is reportedly engaged in discussions to acquire some or all of Credit Suisse Group AG, possibly with government support, in a bid to rebuild confidence in the banking industry, according to individuals familiar with the matter. Credit Suisse recently received a liquidity injection of over $50 billion from the Swiss National Bank, which failed to prevent further decline in its shares or stem the outflow of deposits, prompting the central bank and top financial regulator to facilitate talks with UBS, its larger counterpart.