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UBS in talks to acquire Credit Suisse amidst bank's struggles.

1 min read
Source: MarketWatch
UBS in talks to acquire Credit Suisse amidst bank's struggles.
Photo: MarketWatch
TL;DR

UBS is reportedly in discussions to buy all or parts of Credit Suisse, with the goal of arriving at a solution by Monday. Swiss regulators are helping the talks to boost confidence in the country's banking sector. Credit Suisse's American depositary receipts skyrocketed over 7% in the extended session Friday, after ending the regular trading day down 7%. Shares trading in Zurich had their worst week since the 2008 financial crisis.

Topics:businessfinance#acquisition-talks#credit-suisse#finance#stock-market#swiss-banking-sector#ubs
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  1. UBS in discussions to buy Credit Suisse: report  MarketWatch
  2. UBS is in talks to take over all or part of Credit Suisse, sources tell the Financial Times  CNBC
  3. UBS said to be in talks to take over embattled lender Credit Suisse (NYSE:CS)  Seeking Alpha
  4. UBS in talks to acquire Credit Suisse  Financial Times
  5. Credit Suisse CFO teams to hold talks this weekend on scenarios for bank, sources say  CNBC

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