UBS in talks to acquire Credit Suisse amidst bank's struggles.
TL;DR Summary
UBS is reportedly in discussions to buy all or parts of Credit Suisse, with the goal of arriving at a solution by Monday. Swiss regulators are helping the talks to boost confidence in the country's banking sector. Credit Suisse's American depositary receipts skyrocketed over 7% in the extended session Friday, after ending the regular trading day down 7%. Shares trading in Zurich had their worst week since the 2008 financial crisis.
- UBS in discussions to buy Credit Suisse: report MarketWatch
- UBS is in talks to take over all or part of Credit Suisse, sources tell the Financial Times CNBC
- UBS said to be in talks to take over embattled lender Credit Suisse (NYSE:CS) Seeking Alpha
- UBS in talks to acquire Credit Suisse Financial Times
- Credit Suisse CFO teams to hold talks this weekend on scenarios for bank, sources say CNBC
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