UBS Is Said to Mull Credit Suisse Deal in Crisis Combination (3)

March 18, 2023, 8:39 AM UTC

UBS Group AG is exploring an acquisition of all or parts of Credit Suisse Group AG at the urging of Swiss regulators after its smaller rival was pummeled by a crisis of confidence, according to people with knowledge of the matter.

Swiss officials are pushing UBS to look at various ways it could be involved with a solution for Credit Suisse, the people said, asking not to be identified describing private discussions. The deliberations are ongoing and it’s unclear whether any deal will result, the people said.

The boards at Switzerland’s top two banks expect to meet separately this weekend ...

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