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UK finance minister, Bank of England governor in contact over Credit Suisse – source

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Reuters UK

LONDON (Reuters) – British finance minister Jeremy Hunt and Bank of England Governor Andrew Bailey are in regular contact this weekend over the fate of Credit Suisse Group AG, according to a source with knowledge of the matter. UBS Group AG is mulling a takeover of its embattled Swiss rival Credit Suisse, other sources told Reuters on Saturday, amid a crisis of confidence in the bank that risks destabilizing the global financial system. Spokespeople at the Treasury and the UK finance ministry did not immediately respond to a request for comment. A spokesperson for the Bank of England’s Prudent…

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