ZURICH, Switzerland: UBS was up against the clock Sunday in talks to finalize a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
FRANTIC A sign of Credit Suisse bank is seen behind a sign of Swiss banking giant UBS in Zurich on evening Saturday, March 18, 2023. 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 has come under pressure this week as the failure of two US regional lenders rocked the sector. AFP PHOTO
ZURICH, Switzerland: UBS was up against the clock Sunday in talks to finalize a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.