They will try to save Credit Suisse by taking over the UBS bank – Financial Times
One of the largest banks in Europe – Credit Suisse – will try to save from bankruptcy by taking over another Swiss bank – UBS.
The takeover could be announced today, March 18, writes the Financial Times.
Merger talks were urgently organized by the Swiss authorities. At the end of last week, depositors were withdrawing $10 billion from Credit Suisse per day.