Switzerland making ready emergency measures for UBS’ takeover of Credit score Suisse: Report

The Swiss Nationwide Financial institution (SNB) and Switzerland’s monetary regulator reportedly consider that the acquisition of funding financial institution Credit score Suisse by UBS — Switzerland’s largest financial institution — is the “solely choice” to stop a “collapse in confidence” in Credit score Suisse.

In accordance to a March 18 Monetary Occasions report citing three folks accustomed to the state of affairs, Switzerland is making ready to make use of “emergency measures” to speed up the takeover by UBS of Credit score Suisse to finalize the acquisition earlier than “markets open on Monday.“

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