US in Talks for UBS Possible Deal for Credit Suisse (CS) Assets
Bloomberg.com— US authorities are working with their Swiss counterparts as they seek to hammer out a deal for UBS Group AG to buy all or part of its struggling rival Credit Suisse Group AG, according to people familiar with the matter.
Bloomberg.com—Credit Suisse (CS) Takeover Options Include UBS Deal or Nationalization. Swiss authorities are weighing unprecedented steps to force through a UBS Group AG takeover of Credit Suisse Group AG, with the risk of some form of nationalization rising by the minute before markets open on Monday.
Bloomberg.com—Credit Suisse (CS) Latest News & Analysis: UBS Is Said to Explore Deal. UBS Group AG is exploring an acquisition of all or parts of Credit Suisse Group AG at the urging of Swiss regulators after its smaller rival was pummeled by a crisis of confidence, according to people with knowledge of the matter.
Bloomberg.com—Credit Suisse (CS) First Boston Plan News Amid UBS Takeover Talks. Michael Klein, the CEO-designate of Credit Suisse Group AG’s investment-banking spin off, may struggle to realize his dream of building a new CS First Boston as the Swiss lender nears a forced sale to UBS Group AG.