The idea of a takeover by UBS was floated this week by JP Morgan as the “most likely” scenario.
The Swiss National Bank and financial markets watchdog Finma told their US and British counterparts their ‘Plan A’ to stop the crisis of confidence facing Credit Suisse was to merge it with UBS, the FT reported Friday, citing unnamed sources. When reached by AFP, both SNB and Credit Suisse declined to comment, while UBS and Finma did not respond immediately.
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