The newspaper wrote that Switzerland’s largest bank UBS agreed to buy Credit Suisse, the country’s second largest bank, for more than $2 billion. Finance Times.
UBS has agreed to buy Credit Suisse after raising the bid to over $2 billion.
formerly Bloomberg WroteThe Swiss authorities are considering the possibility of a full or partial nationalization of Credit Suisse.
16 March Credit Suisse (CS) management reportedIt will borrow 50 billion Swiss francs, or about $53.7 billion, from the Swiss National Bank (local central bank) to “keep the bank’s core business at an optimal level amid the sharp decline in share prices and encourage customers to continue” existing deposits.
It was later recognized negotiations UBS acquires Credit Suisse