Swiss authorities study its full or partial nationalization Credit Suisse considering it the only viable option other than acquiring UBS Group, Bloomberg reports today.

Switzerland is considering either a complete takeover of the bank, or a significant participation in the authorized capital in case UBS fails to complete the acquisition of Credit Suisse, the report said.

It is noted that, according to Bloomberg, V Credit Suisse rejects takeover bid from UBS.

Bloomberg News writes about this, citing people familiar with the case. Credit Suisse opposes the proposal because it believes the amount is too small and would be detrimental to the bank’s shareholders and employees. who have shares in the company that will be the last to be paid out after a possible bankruptcy (deferred shares).

According to the Financial Times, Switzerland’s largest bank UBS Group AG offered to buy Credit Suisse for up to billion dollars however, the Swiss government plans to change the country’s law to bypass shareholder voting on the deal.

^{Source: APE-MEB, Reuters}