UBS in talks to buy troubled Credit Suisse, FT reports

a report

in the Financial Times, which cites multiple people briefed on the talks, UBS is weighing whether to acquire all or part of Credit Suisse. Swiss National Bank, along with Swiss regulators, are arranging the talks in an effort to bolster confidence in the country's banks, the FT reported. UBS declined to provide a comment, while Credit Suisse could not be immediately reached for comment. of Silicon Valley Bank sent shockwaves throughout the banking sector as investors and deposit-holders feared other banks could be next.

Credit Suisse was hit particularly hard by investors' concerns since it's faced a slew of other challenges recently, including an announcement last week that it wouldTo make matters worse, this week, the Zurich-based bank's largest shareholder, Saudi National Bank, warned it would beOn Thursday, after shares of Credit Suisse hit an all-time low, the troubled bank said it had secured a $50 billionThe FT reported that Swiss regulators have told counterparts in the US and UK that a...

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What Just Happened at Credit Suisse? - The Journal. - WSJ PodcastsAs fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern. Further Reading: - Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline - Credit Suisse Promises Overhaul in Wake of Rout as Regulators Offer Lifeline - Janet Yellen Says Banking System Is Healthy After SVB Collapse Further Listening: - Can the Government Contain a Banking Crisis? - The Economy Is Too Hot for the Fed
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