Credit Suisse bank: UBS said to be in takeover talks with troubled rival

Quick Summary:

Emergency talks are reported in Zurich as regulators seek a deal for Credit Suisse before Monday.

Regulators are trying to facilitate a deal before markets reopen on Monday.

This prompted a general sell-off on European markets, and fears of a wider financial crisis.

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Article Details

Category: Business

Markets: United KingdomFranceSwitzerland

Topics: Financial Recent Bank Credit Reported Suisse Swiss Shares Crisis Emergency Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-03-19 @ 01:46:55 (5 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 6748055

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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