Latest news indicates that CS has rejected the deal. At this point if there is no deal by the end of the day the government is considering taking parts or the

Latest news indicates that CS has rejected the deal. At this point if there is no deal by the end of the day the government is considering taking parts or the entire bank[1]. Although this would be a huge hit for the tax payer, at this point I think it would be much better. The Swiss government can also push back harder on any future liabilities that come at the bank from old dealings. By nationalizing the bank they will effectively prevent a global financial crisis. If UBS acquires this bank a lot of jobs are redundant and there is effectively only one large bank left. The Bundesrat[2] is expected give a media conference later today. [1] https://www.bloomberg.com/news/articles/2023-03-19/switzerland-weighs-full-or-partial-credit-suisse-nationalization?srnd=premium-europe https://www.bloomberg.com/news/articles/2023-03-19/switzerla... [2] https://www.youtube.com/@gov-ch/streams https://www.youtube.com/@gov-ch/streams