UBS in talks to potentially acquire Credit Suisse.

1 min read
Source: CNBC
UBS in talks to potentially acquire Credit Suisse.
Photo: CNBC
TL;DR Summary

UBS is reportedly in talks to take over all or part of Credit Suisse, with the Swiss National Bank and Finma behind the negotiations. The talks are aimed at boosting confidence in the Swiss banking sector, which has been under increasing pressure in the wake of recent events. Swiss regulators have told U.S. and U.K. regulators that a merger of the two banks was their "plan A," but there continue to be other options that may be considered.

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