-Banking giant UBS is in discussions to take over all or parts of Credit Suisse, with the boards of Switzerland's two biggest lenders set to meet separately over the weekend, the Financial Times reported on Friday.
On Friday evening, Swiss regulators informed their counterparts in the United States and United Kingdom that the merger of the two banks was their"Plan A" to salvage the confidence in Credit Suisse, the report added. The Swiss central bank's focus is on agreeing a straightforward solution before markets open on Monday, the report said, adding there is no guarantee a deal will be reached.
Source: Loan Digest (loandigest.net)
Even if you bail out credit suisse with $300 billion it still going to fail because of the existence of bitcoin!.. BTC is going reach $100k in 3 months even $1M is possible this year!
Remember it is not like SVB or Signature Bank . It is not new . 2 class actions . So in my opinion UBS question is ' ok , this is what i know , but what i do not know here ? '
1 by 1
Anybody trusts the swiss banking sector anymore!!
1) What
Told them to close all the toxic swap short position first!
The pressure of the swiss governement on ubs becomes too high
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