UBS acquires Credit Suisse
A news report has revealed that UBS is keen to acquire part or all of Credit Suisse, Switzerland's two largest bankrupt banks.
The “Financial Times” said: The supervisory and supervisory boards of the two banks intend to meet separately for consultations on the matter over the weekend. The newspaper added that Swiss supervisors have informed their US and UK counterparts that the merger of the two banks represents "plan A".
He added that there was no guarantee that an agreement would be reached. It should be noted that the fragile Credit Suisse Bank suffered a major loss of confidence from depositors in the last period and was then offered loans worth 50 billion francs (about 51,000 million euros). The central bank, the FSA and the government are trying to prevent a general banking crisis.
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