Potential buyer seeks government guarantees for Credit Suisse takeover – Reuters ...News

UBS reportedly wants the government to partly cover the acquisition of the failing lender Multinational investment bank UBS wants the Swiss government to cover about $6 billion of the costs if it agrees to buy Credit Suisse, a rival lender whose shares plummeted this week amid customer outflows and a loss of investors, Reuters reported on Saturday, citing sources. Earlier media reports indicated that the banks were discussing a merger, an idea pitched by the Swiss National Bank and Financial Market Supervisory Authority (FINMA), to save Credit Suisse from insolvency. The government funds are expected to help cover

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