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We are not providing information on this, a UBS spokesperson told Keystone-SDA news agency on Saturday. Finma also replied, “We don’t comment on that.” And also the Swiss National Bank (SNB) said “no comment”. Credit Suisse had already informed AWP by telephone on Friday evening that it did not wish to comment.
The Federal Chancellery – which organizes any meetings of the Federal Council – does not provide information about a Blick application.
The Financial Times reported late Friday night that CS and UBS would be in takeover talks. A partial or full takeover is planned, the newspaper writes based on an unnamed source.
Local regulators told their US and UK counterparts on Friday night that a merger of the two banks is their “Plan A” to avoid a total loss of confidence in Credit Suisse.
Bloomberg news agency reported Thursday that UBS and CS would reject a forced merger.
(SDA)
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
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