UBS in Talks for Credit Suisse Takeover
UBS is in talks to acquire parts or all of Credit Suisse, which may involve a government backstop, as Swiss and global authorities aim to restore trust in the banking system. Credit Suisse received a more-than-$50 billion Swiss National Bank liquidity lifeline this week, but it failed to stop the slide in its shares or stem the loss of bank deposits, prompting talks with UBS.