Switzerland: government wants to speed up takeover of UBS Credit Suisse

OUR Switzerland is preparing to resort to emergency measures to hasten the capture Credit Swiss Group AG from UBS AG, according to the Financial Times, citing two sources with knowledge of the developments.

Just before the Swiss newspaper Noye Zurcher Zeitung reported on its website that the Swiss government held an emergency meeting tonight to discuss developments related to Credit Suisse.

According to the Financial Times, UBSCredit Suisse and the Swiss banking regulator Finma they are rushing to finalize the merger agreement even tonight.

agency bloomberg News reported that US authorities have joined the talks and are working with the relevant Swiss authorities to reach an agreement.

Source: APE-MEB, Reuters, FT.

Author: newsroom

Source: Kathimerini

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