off-the-wire

UBS examines takeover of Credit Suisse, with possible Swiss govt guarantee - sources

Kitco Media
By Reuters
Published:
Updated:
Reuters
By John O'Donnell FRANKFURT, March 18 (Reuters) - UBS is examining a takeover of Credit Suisse that could see the Swiss government offer a guarantee against the risks involved, said two people with knowledge of the matter.


The people said that UBS was coming under pressure from the Swiss authorities to do a takeover. Under the plan, Credit Suisse's Swiss business could be spun off, they added.


UBS and Switzerland's FINMA declined to comment when approached by Reuters. (Reporting by John O'Donnell; editing by Elisa Martinuzzi and Tom Sims)

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