ZURICH – UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
Switzerland’s biggest bank UBS is being urged by the authorities to get a deal over the line, in a bid to avoid a wave of contagious panic on the markets Monday.
The wealthy Alpine nation’s largest banks were in urgent negotiations this weekend with the country’s banking and regulatory authorities, several media outlets reported.
The generally well-informed tabloid Blick said UBS will buy Credit Suisse in a deal to be sealed on Sunday during an exceptional meeting in Bern, bringing together the Swiss government and…
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