Crunch time for talks with Credit Suisse as UBS seeks Swiss guarantees

Talks about bailing out Credit Suisse rolled in on Sunday as UBS asked for $6 billion from the Swiss government to cover costs. UBS is under pressure from Swiss authorities to take over its local rival in order to bring the crisis under control, two people with knowledge of the matter said. Regulators want a … Read more

BlackRock denies report it is preparing a takeover bid for Credit Suisse

BlackRock has denied a report that it is preparing a takeover bid for controversial Swiss lender Credit Suisse. The Financial Times had said the US asset manager was working on a bid to take over the bank, citing people familiar with the situation. UBS is also mooted as a potential buyer, with the FT reporting … Read more