UBS

First, a no. But now – a possible yes. The two largest Swiss banks, UBS and Credit Suisse, are ostensibly talking about a merger this weekend given the ...

The newspaper added that any deal would be «Europe's most consequential banking combination since the financial crisis». Yesterday, on Friday, the share price fell an additional 8 percent to 1.86 francs. Switzerland's largest bank, UBS, and its second-ranked counterpart, Credit Suisse, are apparently considering how and whether to merge.

UBS Group AG is asking the Swiss government for a backstop to cover future risks if it were to buy Credit Suisse Group AG, according to people with ...

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It's the biggest name ensnared in market turmoil unleashed by the collapse of US lenders last week. Read more at straitstimes.com.

The bank made US$1.6 billion in revenue from advising on deals. Also last year, Mr Hamers said he expected to see more local mergers and acquisitions than cross-border consolidation in the European banking industry. Under the plan, Credit Suisse’s Swiss business could be spun off, they added. Dating back to the mid-nineteenth century, UBS is Switzerland’s biggest bank with a market value of 60 billion Swiss francs (S$87 billion) and the world’s largest wealth manager. The 167-year-old bank is the biggest name ensnared in the market turmoil unleashed by the collapse of US lenders Silicon Valley Bank and Signature Bank over the past week, forcing the Swiss bank to tap US$54 billion (S$72.5 billion) in central bank funding. FRANKFURT - 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.

Under one likely scenario, the deal would involve UBS acquiring Credit Suisse to obtain its wealth and asset management units, while possibly divesting the ...

MOST READ Under one likely scenario, the deal would involve UBS acquiring Credit Suisse to obtain its wealth and asset management units, while possibly divesting the investment banking division. To stamp out the crisis, Swiss regulators are encouraging UBS and Credit Suisse to merge but neither bank wants to do so. Bloomberg reported that UBS is asking the Swiss government to take on certain legal costs and losses of Zurich-based Credit Suisse.

Swiss regulators told US and UK counterparts on Friday evening that a merger between the two Swiss giants is “plan A” to salvage investor confidence in Credit ...

Credit Suisse is the latest firm to be caught up in the banking crisis which saw the collapse of Silicon Valley Bank (SVB) last week after Swiss regulators told US and UK counterparts on Friday evening that a merger between the two Swiss giants is “plan A” to salvage investor confidence in Credit Suisse which has seen its market cap collapse to $6.9bn, the report said. UBS is in talks to acquire all or part of Credit Suisse, a move that is being brokered by the Swiss National Bank and regulator Finma in an attempt to build confidence in Switzerland’s banking sector.

The reports of talks between Switzerland's largest bank and its weakened rival come a week after Silicon Valley Bank's collapse caused shockwaves.

They suggested that UBS could buy its rival's wealth and asset management divisions, and sell the investment banking division. [FT also reported](https://www.ft.com/content/6319e205-d688-4521-b048-8d69a2c40847) that BlackRock had explored making an offer for Credit Suisse, but a representative told Insider that it had "no interest" in acquiring part or all of the Swiss bank. A representative for the bank declined to comment to the outlet. Both UBS and Credit Suisse declined to comment to the FT and Bloomberg. However, there's no certainty that a deal will be reached. [a report](https://www.ft.com/join/licence/8a2da4d4-3315-4846-a013-029e04237cd6/details?ft-content-uuid=17892f24-4ca0-417f-9093-289b019a0852) by the Financial Times Friday night that cites multiple people briefed on the talks, UBS is weighing whether to acquire part or all of Credit Suisse.

Daily deposit outflows at troubled Swiss bank topped Sfr10bn last week as fears for its health mounted.

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The Swiss National Bank and Swiss regulator FINMA have told their international counterparts they regard a deal with UBS Group as the only way to prevent a ...

[earlier reported](/business/finance/credit-suisse-meets-weigh-options-under-pressure-merge-with-ubs-2023-03-18/) that UBS was coming under pressure from the Swiss authorities to carry out a takeover of its local rival to get the market turmoil surrounding Credit Suisse under control. [(UBSG.S)](https://www.reuters.com/companies/UBSG.S) as the only way to prevent a collapse in confidence in Credit Suisse Group [(CSGN.S)](https://www.reuters.com/companies/CSGN.S), the Financial Times reported on Saturday. UBS, Credit Suisse and key regulators are rushing to finalise a deal on the merger of the two Swiss banks as soon as Saturday evening, the

Shares of the bank lost 25% over the course of the week, despite an emergency $54 billion loan from the Swiss National Bank. The price of financial contracts ...

But by Friday, analysts were speculating that a full-blown rescue would be needed, and reports began to swirl of a possible takeover by its biggest Swiss rival, UBS [(UBS)](https://money.cnn.com/quote/quote.html?symb=UBS&source=story_quote_link). [on the ropes for years](http://cnn.com/2023/03/16/investing/why-credit-suisse-is-struggling/index.html) following a series of scandals, huge losses and strategic missteps. Reuters and the Financial Times, citing people familiar with the matter, both reported that Swiss regulators were urging the banks to agree a deal before markets open Monday to shore up confidence in the country’s banking system. Its stock is down 75% over the past 12 months. The price of financial contracts designed to protect investors against possible losses on its bonds soared to record levels. [Investors and customers](http://cnn.com/2023/03/17/investing/credit-suisse-shares-drop-despite-lifeline/index.html) pulled their money out of Credit Suisse over the past several days as [turmoil swept the global banking industry](http://cnn.com/2023/03/17/business/global-banking-crisis-explained/index.html) following the collapse of two US lenders.

The race for a deal comes days after the Swiss central bank was forced to provide an emergency $54-billion credit line to Credit Suisse.

MOST READ A full merger between UBS and Credit Suisse would create one of the biggest global systemically important financial institutions in Europe. lenders Silicon Valley Bank and Signature Bank over the past week.

Discussions are part of an urgent effort by Swiss and global authorities to restore trust in the banking system.

[Swiss National Bank liquidity lifeline](https://www.wsj.com/articles/credit-suisse-says-it-will-borrow-up-to-50-billion-swiss-francs-ac469cc3?mod=article_inline) this week after concerns deepened about its prospects. [30% off eBay coupon](https://www.wsj.com/coupons/ebay) H&R Block Coupon Code](https://www.wsj.com/coupons/hrblock)

A question mark about a UBS-Credit Suisse combination – which has been speculated on for some time – is that it would create a dominant bank in the Alpine ...

“The European and Swiss banking sector generally is rather robust and has stronger regulatory overview than in the US, it seems. It is a huge domestic bank and of systemic importance. Another likely result is that it will encourage Credit Suisse bankers to leave. “This is why we are reluctant to add to our banking exposure just yet - despite their very attractive valuations.” Long a model of discretion and efficiency, the Swiss industry has found the Credit Suisse story particularly painful. Switzerland has had – until recently – negative official interest rates to hold down the Swiss franc’s exchange rate. It also was embroiled in a legal wrangle with US authorities about [providing overseas accounts](https://www.familywealthreport.com/article.php?id=16375#.ZBW4iHbP2M8) to wealthy US citizens. A decade ago, UBS was itself mired in trouble and had to [announced steps](https://www.wealthbriefing.com/html/article.php?id=196007#.ZBW3W3bP2M9) to cut costs, spin off much of its investment banking arm, reduce risk-weighted assets, and pivot more towards wealth management and advisory activity that requires relatively little capital. UBS is discussing scenarios in which the government would take on certain legal costs and potential losses in any deal, Bloomberg said. [UBS](section.php?keywords=UBS) is asking the Swiss government for protection to cover future risks if it decides to buy embattled [Credit Suisse](section.php?keywords=Credit%20Suisse), Bloomberg reported today (18 March), citing unnamed sources. The recent saga has hurt Switzerland's financial reputation.

The Swiss National Bank and regulator Finma now see UBS's purchase as the only option to tame mounting woes at Credit Suisse, according to the Financial ...

The Wall Street Journal is also [reporting ](https://www.wsj.com/articles/ubs-in-talks-to-take-over-credit-suisse-ed932b01)that UBS, Credit Suisse, and regulators are nearing a deal. The potential end of the storied bank shows how far and how quickly worries have spread about the financial sector. [

A merger between Switzerland's two largest banks could ease growing concerns that turmoil at Credit Suisse could ripple through the global economy.

[announcement Thursday](https://www.washingtonpost.com/us-policy/2023/03/16/yellen-bank-rescue-regional-banks/?itid=lk_inline_manual_17) that 11 of the biggest banks in the United States would deposit $30 billion into First Republic Bank. The move was aimed at shoring up the bank and sending a signal about the broader security of the U.S. Credit Suisse in October disclosed that it suffered significant customer withdrawals, and in 2021, it experienced major losses because of its Even after actions by governments and financial institutions this week, the stock market has showed continued worry that the banking industry’s tumult has not settled. But Credit Suisse’s underlying troubles began well before the recent trouble at banks in the United States. The Swiss National Bank and the U.S.

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.

financial giant [BlackRock](/quotes/BLK/) [denied a report](https://www.cnbc.com/2023/03/18/blackrock-is-working-on-a-rival-takeover-bid-for-credit-suisse-financial-times-reports.html) that it was participating in a rival bid for the bank. Federal Reserve and other central banks — including the European Central Bank this week — was pressuring the banking sector. That limits the risk of a "potential vicious circle of counterparty credit losses," Karoui said. Credit Suisse shares lost a quarter of their value in the last week. history behind the demise of Washington Mutual during the global financial crisis in 2008. Spokespeople for the British Treasury and the Bank of England's Prudential Regulation Authority, which oversees lenders, declined to comment. The frenzied weekend negotiations come after a brutal week for banking stocks and efforts in Europe and the U.S. [Deutsche Bank](/quotes/DB/) was looking at the possibility of buying some of its assets, while U.S. lenders Silicon Valley Bank and Signature Bank over the past week, spurring a rout in banking stocks and prompting authorities to rush out extraordinary measures to keep banks afloat. The plan could see Credit Suisse's Swiss business spun off. to shore up the sector. One of the sources cautioned that the talks to resolve the crisis of confidence in Credit Suisse are encountering significant obstacles, and 10,000 jobs may have to be cut if the two banks combine.

The Biden Administration moved to backstop consumer deposits while the Swiss central bank lent billions to Credit Suisse to stabilize its balance sheet.

The failure of California-based Silicon Valley Bank brought into focus how a relentless campaign of interest rate hikes by the U.S. Bloomberg reported that Deutsche Bank was looking at the possibility of buying some of its assets, while U.S. financial giant BlackRock denied a report that it was participating in a rival bid for the bank. That limits the risk of a "potential vicious circle of counterparty credit losses," Karoui said. Credit Suisse shares lost a quarter of their value in the last week. UBS was under pressure from the Swiss authorities to carry out a takeover of its local rival to get the crisis under control, two people with knowledge of the matter said.

ZURICH: UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media reports – a move long deemed ...

Credit Suisse is still looking shaky despite taking a US$54 billion lifeline thrown by the Swiss central bank. Advertisement

Shares in Credit Suisse have fallen sharply in recent days after it said it had found "material weakness" in its financial reporting. An emergency $54bn (£44.5 ...

The bank reported a loss of 7.3bn Swiss francs ($7.9bn; £6.5bn) in 2022 - its worst year since the financial crisis of 2008 - and has warned it does not expect to be profitable until 2024. [failure of two lenders in the US](https://www.bbc.co.uk/news/business-64951630) - Silicon Valley Bank and Signature Bank - raising fears over the health of the banking system UBS is said to have asked the Swiss government to cover about $6bn (£4.9bn) in costs if it were to buy Credit Suisse, according to sources quoted by Reuters.

Credit Suisse shares have lost a quarter of their value recently. Read more at straitstimes.com.

SVB’s and Signature’s collapses are the second- and third-largest bank failures respectively in US history, behind the demise of Washington Mutual during the global financial crisis in 2008. This limits the risk of a “potential vicious circle of counterparty credit losses”, he said. Spokesmen for the British Treasury and the Bank of England’s Prudential Regulation Authority, which oversees lenders, declined to comment. Credit Suisse shares have lost a quarter of their value recently. US President Joe Biden’s administration moved to reinforce consumer deposits while the Swiss central bank lent billions to Credit Suisse to stabilise its shaky balance sheet. The plan could see Credit Suisse’s Swiss business spun off.

ZURICH - UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors ...

"We are now awaiting a definitive and structural solution to the problems of this bank," French Finance Minister Bruno Le Maire told Le Parisien newspaper. The government's spokesman refused to comment on the talks, Swiss news agency ATS reported. "Everything points to a Swiss solution this Sunday. UBS will have had a few days. And when the stock market opens on Monday, Credit Suisse could be a thing of the past," the newspaper said. Switzerland's biggest bank UBS is being urged by the authorities to get a deal over the line, in a bid to avoid a wave of contagious panic on the markets Monday.

A fusion between Swiss banking giants UBS and Credit Suisse would be an historic event for the nation and global finance. PHOTO: EPA-EFE. Updated.

Credit Suisse had been unprofitable over the course of the last decade and racked up billions in legal losses. The Swiss authorities are seeking to broker a deal that would address a rout in Credit Suisse that sent shock waves across the global financial system over the past week when panicked investors dumped its shares and bonds following the collapse of several smaller US lenders. “The investment bank is the bit that most people want to spin off,” said Mr James Athey, investment director at Abrdn. Under one likely scenario, the deal would involve UBS acquiring Credit Suisse to obtain its wealth and asset management units, while possibly divesting the investment banking division, the people said. Chief executive officer Ulrich Koerner had said the firm was looking at a potential initial public offering for the business in 2025. As one of 30 global systemically important banks, Credit Suisse’s failure would ripple throughout the entire financial system.

Swiss authorities expected to change country's law to bypass UBS shareholder vote.

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