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.
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.