Swiss authorities are considering all possible options to bail out Credit Suisse, Switzerland’s second largest bank, including a forced merger with the country’s largest credit institution, UBS. In this respect Wrote Bloomberg agency, citing the source.
According to the addressee of the publication, both structures strongly oppose the merger and allow such a development scenario only as a last resort. In particular, UBS does not want to take on the risks associated with Credit Suisse.
In addition, Swiss authorities are considering the option of splitting Credit Suisse to sell it piecemeal to different investors.
Credit Suisse closed 2022 with a loss of $7.9 billion, the worst result for the bank since 2008. In early March, Harris Associates, an investment firm that is Credit Suisse’s largest and oldest shareholder, to be saved more than 10% of its share in the organization
suddenly this week bankruptcy American Silicon Valley Bank securities of a Swiss financial conglomerate fallen more than 11%. Robert Kiyosaki, American investor, financial commentator, and bestselling author of Rich Dad Poor Dad knowledgeable About the collapse of Credit Suisse.