UBS nears deal to take over Credit Suisse

The deal could be completed on Sunday if not earlier, the people said. Regulators have offered to waive the usual shareholder voting requirement to speed up the sale, one of the people said. Discussions were quick and a remaining sticking point was the ownership status of the major Swiss retail arm of Credit Suisse, the … Read more

Swiss regulators offer financial lifeline to Credit Suisse

Swiss regulators said they would provide liquidity to Credit Suisse Group HER if necessary, offering a lifeline to the lender hard hit by concerns over its financial health. Investor confidence in Credit Suisse plummeted on Wednesday, sparking fears that a banking crisis centered on U.S. regional banks has spread across the Atlantic and is poised … Read more