Swiss Finance Minister Sees No ‘Stumbling Blocks’ to UBS Takeover of Credit Suisse
UBS's UBSG.S multi-billion state-sponsored takeover of Credit Suisse CSGN.S should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Saturday.
UBS-Credit Suisse Deal ‘Clear Step Toward Stability,’ Staub Says
Swiss regulators that engineered the marriage of UBS Group AG and Credit Suisse Group AG succeeded in stabilizing the nation’s financial system, Vontobel Holding AG Chief Executive Officer Zeno Staub said.
UBS’s Acquisition of Credit Suisse Brings Some Good and Bad for Crypto
UBS's acquisition of Credit Suisse could have both positive and negative implications for the cryptocurrency industry. The article notes that UBS is known for its conservative approach to financial services, while Credit Suisse has been more open to exploring digital assets and blockchain technology.
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say.
Credit Suisse & UBS Under U.S. Investigation For Evading Russian Sanctions
According to recent reports, the U.S. Department of Justice is investigating whether or not financial professionals at premier institutions assisted Russian oligarchs in evading sanctions imposed by the country. Two of the banks that are reportedly being investigated are Credit Suisse Group AG and UBS Group AG.
BlackRock’s Hildebrand Taking Part in UBS, Credit Suisse Talks
BlackRock Inc. Vice Chairman Philipp Hildebrand is taking part in discussions as Swiss officials race to put together a deal for UBS Group AG to take over Credit Suisse Group AG.
UBS Seeks About $6 Bn in Government Guarantees for Credit Suisse Deal -Source
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.
Switzerland Preparing Emergency Measures for UBS’ Takeover of Credit Suisse
Switzerland is preparing to use “emergency measures” to accelerate the takeover by UBS of Credit Suisse, in an effort to finalize the acquisition before "markets open on Monday."
Credit Suisse UBS Merger Confirmed: FT
A historic merger deal between Credit Suisse and UBS Group is all set to be finalized as soon as Saturday evening, latest reports confirmed. It is said that the Swiss National Bank, Switzerland’s central bank and regulator Swiss Financial Market Supervisory Authority FINMA believe this merger as the only choice to prevent a Credit Suisse collapse. This could make a massive banking entity with the merger of the two largest Switzerland banks.
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the matter, UBS, which is the world’s largest private bank, wants the government to safeguard the deal.
