UBS in talks to buy embattled Swiss rival Credit Suisse, FT says

Fri, 2023-03-17 21:54

UBS Group AG is in discussions to take over all or part of Credit Suisse, the Financial Times reported on Friday, after an emergency funding lifeline failed to restore investor confidence in the smaller Swiss bank.
The boards of Switzerland’s two biggest lenders are set to meet separately over the weekend to discuss a deal, the FT said, citing multiple people briefed on the talks.

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