UBS in talks to acquire embattled Credit Suisse

UBS in talks to acquire embattled Credit Suisse – report

By Agence France-Presse

Mar 18, 2023 11:37 am

SWITZERLAND'S largest bank, UBS, is in talks to buy all or part of Credit Suisse, according to a report by the Financial Times.

Credit Suisse -- Switzerland's second-biggest bank -- came under pressure this week as the failure of two US regional lenders rocked the sector. By the close of markets Friday, its shares had dropped eight percent.

REBOUND People walk past the entrance of Swiss bank Credit Suisse in Zurich, Switzerland. Credit Suisse is borrowing up to 50 billion francs from the Swiss National Bank, according to a statement on Thursday, March 16, 2023. AP PHOTO

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