UBS reportedly seeks $6 billion in government guarantees for Credit Suisse takeover
CNBC - 2023-03-18T22:01:21.000Z

UBS is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse, a person with knowledge of the talks told Reuters.

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Exclusive: UBS seeks about $6 billion in government guarantees for Credit Suisse deal
UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG , a person with knowledge of the discussions told Reuters on Saturday.
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- 2023-03-18T21:01:46.000Z
UBS Seeks Government Backstop As It Rushes To Finalize Credit Suisse Takeover Deal As Soon As Tonight
UBS Seeks Government Backstop As It Rushes To Finalize Credit Suisse Takeover Deal As Soon As Tonight So much can change in just 48 hours. Late on Thursday, just hours after the SNB had launched the first (of many) bailout attempts of Swiss banking giant Credit Suisse, Bloomberg blasted the following headline: UBS, CREDIT SUISSE SAID TO OPPOSE IDEA OF A FORCED COMBINATION This lack of enthusiasm by UBS to acquire its struggling rival of course forced the Swiss National Bank to...
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- 2023-03-18T16:39:29.000Z
Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says
Recruiters in London, New York, and Singapore have received many calls from Credit Suisse workers as UBS struck a deal to buy the bank, per Bloomberg.
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- 2023-03-21T00:00:00.000Z

In related news

Exclusive: UBS seeks about $6 billion in government guarantees for Credit Suisse deal

UBS Seeks Government Backstop As It Rushes To Finalize Credit Suisse Takeover Deal As Soon As Tonight

Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says