• Switzerland considering nationalizing floundering bank - Bloomberg

    3 days ago - By RT

    A partial or full government takeover of Credit Suisse is reportedly on the table should a proposed merger with rival UBS fail
    The Swiss authorities are considering a “full or partial nationalization” of ailing banking giant Credit Suisse Group should a complicated proposed takeover by rival UBS Group fail to win approval from both shareholders and regulators, inside sources told Bloomberg on Sunday.
    Zurich is “considering either taking over the bank in full or holding a significant equity stake” if the UBS deal should fall through “because of the complexities in arranging the deal and the...
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