Swiss National Bank focused on 'smooth and fast' UBS takeover of Credit Suisse - Chairman

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH, March 23 (Reuters) - Swiss National Bank Chairman Thomas Jordan said the next two weeks will be vital to securing the UBS takeover of Credit Suisse. It was "extremely important" both parties do everything to make the takeover successful, Jordan told a press conference on Thursday, adding they had fully committed to this. "At this moment the focus has to be that we can maintain financial stability and that the closing of the deal is smooth and fast," Jordan told reporters. (Reporting by John Revill and Noele Illien, Editing by Alexandra Hudson)

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