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Reuters
UPDATE 2-UBS in talks to acquire Credit Suisse -FT
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. The Swiss National Bank and regulator FINMA are organising the talks in an attempt to build confidence in the country’s banking sector, the report said, citing people familiar with the matter. 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.
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