It wasn't even six months ago that Saudi National Bank paid $1.5 billion for a 9.9% stake in Credit Suisse.
UBS UBS, -5.50% will buy Credit Suisse for more than $2 billion in an all-stock deal, the Financial Times reported, citing people with direct knowledge of the transaction. The 0.50 francs per share UB
UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday.
The Swiss National Bank has offered UBS Group AG around $100 billion in liquidity to help it take on the operations of Credit Suisse Group AG, according to the people familiar with the matter. Details
A deal could be announced Sunday—but there's no guarantee UBS will buy its troubled rival.
At least two major banks in Europe are examining scenarios of contagion possibly spreading in the region's banking sector and looking to the Federal Reserve and the ECB to step in with stronger signal
Swiss regulators have reportedly helped to hammer out a deal for UBS Group AG to buy rival Credit Suisse AG — an all-share agreement valued at $1 billion that's expected to be finalized by Sunday ev
The deal engineered by Swiss regulators is designed to restore trust in the banking system, according to people familiar with the matter.
Switzerland's biggest bank is only prepared to offer a fraction of its troubled Swiss rival's market value, the Financial Times reported.
The deal, which could be signed as early as this evening, values Credit Suisse at around $7 billion less than its market value at Friday's close.
UBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the country's laws to bypass a shareholder vote on the deal, the Financial Times report
Talks over rescuing Credit Suisse rolled into Sunday as UBS AG sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a person with knowledge of the talks s
Swiss bank UBS Group is closing in on a deal to take over its rival Credit Suisse amid a weekend of frenzied negotiations, according to multiple reports.
BlackRock Inc Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials try to put together a deal for UBS Group to take over Credit Suisse Group AG , Bloomberg News reported on Satu
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.
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