UBS on the Verge of Acquiring Credit Suisse
TL;DR Summary
UBS is reportedly close to acquiring Credit Suisse in a deal that would create one of the largest financial institutions in Europe. The Swiss government and other global authorities are working to seal the agreement before markets open on Monday. Emergency measures are being prepared to fast-track the deal, which would be the first combination of two global systemically important banks since the financial crisis of 2008-2009. Up to 10,000 jobs may be eliminated if the two banks combine.
- UBS closing in on deal to buy fellow Swiss bank Credit Suisse New York Post
- The fate of Credit Suisse could be decided in the next 24 hours CNN
- UBS in talks to acquire all or part of Credit Suisse CNBC Television
- UBS Nears Deal to Take Over Credit Suisse The Wall Street Journal
- UBS reportedly seeks $6 billion in government guarantees for Credit Suisse takeover CNBC
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