Business

UBS takeover of Credit Suisse may be imminent: Report



UBS

The corporation can complete the takeover

Credit Suisse

Group soon after Saturday night, according to Financial Timesas regulators rush to sign the merger of two of Switzerland’s largest banks amid chaotic industry.

both

Swiss National Bank

and Finma regulator now see buying UBS (ticker: UBS) as the only option to tame rising woes at Credit Suisse (CS), FT report on Saturday, citing anonymous sources close to the talks.

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