Credit Suisse Talks Extend Into Sunday as Markets Await Deal

Talks to contain the crisis of confidence in Credit Suisse Group AG extended into Sunday, with Swiss officials and UBS Group AG racing to put together a deal to take over or break up the battered lender before markets open in Asia.

The parties are seeking to navigate thorny issues such as a government backstop and the fate of Credit Suisse’s investment bank, after UBS put aside its initial opposition to a deal with the smaller rival, people briefed on the discussions said. UBS is asking the Swiss government to take on certain legal costs and potential future losses in ...