UBS considers takeover of Credit Suisse with potential government support.

1 min read
Source: Reuters
UBS considers takeover of Credit Suisse with potential government support.
Photo: Reuters
TL;DR Summary

UBS is reportedly considering a takeover of Credit Suisse, with the Swiss government potentially offering a guarantee against the risks involved. Credit Suisse's Swiss business could be spun off under the plan. Regulators have urged Credit Suisse to pursue a deal with UBS as the troubled bank began a make-or-break weekend. UBS is Switzerland's biggest bank and the world's largest wealth manager. Any tie-up would be one of the biggest since the global financial crisis.

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