UBS in talks to take over all or part of Credit Suisse as share prices fall – report
The troubled bank continued to see its price fall despite a $54bn cash infusion from the Swiss national bank
Swiss banking giant UBS is in discussions to take over all or part of Credit Suisse, it was reported late Friday, after a day in which the troubled banking giant continued to see its share price fall despite a $54bn cash injection on Thursday.
The Financial Times reported that the boards of the two banks are set to meet separately over the weekend in talks initiated by the Swiss National Bank, which provided Credit Suisse a lifeline, and regulator Swiss Finma.
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