Bloomberg Law
March 18, 2023, 1:57 PM

UBS, Swiss Rush to Close Credit Suisse Deal Sat Evening, FT Says

Foster Wong
Foster Wong
Bloomberg News

Credit Suisse, UBS and the key Swiss regulators are racing to close a deal on the merger of the banks as soon as Saturday evening, the Financial Times reportedciting people familiar with the situation.

The Swiss National Bank and regulator Finma told their international counterparts that a deal with UBS was the only option to stop a collapse in confidence in Credit Suisse, the report said.

UBS Is Said to Mull Credit Suisse Deal in Crisis Combination

UBS, Credit Suisse, the SNB and the Federal Reserve declined to comment to the FT, while Finma and the Bank of ...