UBS Group and Credit Suisse Group are opposed to a forced combination, even as scenario planning for a government-orchestrated tie-up continues, say people with knowledge of the matter.risks related to Credit Suisse
Both UBS and Credit Suisse see a takeover as a potential measure of last resort given the significant hurdles and overlap from such a transaction, the people said. The government and the lenders are running through a whole range of scenarios, and it remains to be seen which additional steps will be taken beyond the liquidity backstop.Breakup ‘most likely’ ahead
Morningstar also said a breakup of the bank would be an alternative to having another capital increase, having raised about $US4 billion from investors late last year.Credit Suisse could also pursue a breakup of the lender, with the wealth management business going to UBS or another buyer, the Swiss unit being separated as a new entity to protect Swiss deposits and the asset management and investment banking operations being divested or separated, two of the people said.
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