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There are conflicting reports. A NZZ opinion piece[1] claims that a take over would be unlikely as UBS has dissolved most of their investment banking and taking
by sschueller 4y ago
There are conflicting reports. A NZZ opinion piece[1] claims that a take over would be unlikely as UBS has dissolved most of their investment banking and taking over CS would pull them back in. Then again the new CS leadership has been refocusing the bank away from investment banking as well but that has only been a short period of time.
According to SRF there are talks between UBS, CS and the SNB. [2]
[1] https://www.nzz.ch/meinung/warum-die-ubs-nicht-mit-der-cs-ins-bett-steigen-sollte-ld.1730999?reduced=true https://www.nzz.ch/meinung/warum-die-ubs-nicht-mit-der-cs-in...
[2] https://www.srf.ch/news/wirtschaft/cs-turbulenzen-medien-ubs-soll-uebernahme-gespraeche-mit-der-credit-suisse-fuehren https://www.srf.ch/news/wirtschaft/cs-turbulenzen-medien-ubs...
- deleted 4y ago[deleted]
- ortusdux 4y agoI wonder if UBS is being pushed into it behind the scenes. There are many less savory possible buyers, so I could see UBS being incentivized into action.
- JumpCrisscross 4y ago> are many less savory possible buyers Are there?
- prottog 4y agoDeutsche Bank comes to mind.
- alex_young 4y agoUBS is Swiss. That probably has something to do with talks of acquisition of the second largest Swiss bank.
- umeshunni 4y agoProbably middle eastern funds and governments.