UBS mulls takeover of Credit Suisse with possible Swiss govt guarantees -sources

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Reuters UK

By John O’Donnell FRANKFURT (Reuters) -UBS is examining a takeover of Credit Suisse that could see the Swiss government offer a guarantee against the risks involved, said two people with knowledge of the matter on Saturday. The people said that UBS was coming under pressure from the Swiss authorities to carry out a takeover. Under the plan, Credit Suisse’s Swiss business could be spun off, they added. UBS, Credit Suisse, and Switzerland’s financial regulator FINMA declined to comment when approached by Reuters. Regulators have urged Credit Suisse Group to pursue a deal with Swiss rival UBS as …

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