Credit Suisse and UBS CFOs Discuss Bank's Future Amid Merger Speculation
TL;DR
Credit Suisse's CFO, Dixit Joshi, will hold meetings over the weekend with teams to assess scenarios for the bank's future as it struggles to regain market confidence. The bank recently sought a $54 billion loan from the Swiss National Bank after customers pulled over $100 billion in funds and its shares plummeted 25%. While the loan has provided some relief, Credit Suisse's shares continue to decline, and analysts suggest the bank needs to work out a strategic plan to restore profitability.
- Credit Suisse CFO teams to hold talks this weekend on scenarios for bank, sources say CNBC
- UBS, Credit Suisse Are Said to Oppose Idea of Forced Combination Bloomberg
- Credit Suisse faces crunch weekend as lifeline offers limited reprieve Reuters
- UBS, Credit Suisse Don't Want to Merge Bloomberg Television
- Daybreak: Credit Suisse Surges Amid Talk of Takeover Bloomberg
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