UBS in talks to acquire Credit Suisse amid financial struggles.

1 min read
Source: CNBC
UBS in talks to acquire Credit Suisse amid financial struggles.
Photo: CNBC
TL;DR Summary

Credit Suisse is facing pressure to find an "orderly" solution to its crisis, with analysts weighing the option of a sale to UBS or another option. The bank's management is currently assessing "strategic scenarios" for the bank. Credit Suisse's U.S.-listed shares were around 7% higher in after-hours trading early Saturday. The bank is undergoing a massive strategic overhaul aimed at restoring stability and profitability after a litany of losses and scandals, but markets and stakeholders still appear unconvinced. The biggest question economists and traders are wrestling with is whether Credit Suisse's situation poses a systemic risk to the global banking system.

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