UBS Is In Talks To Take Over All Or Part Of Credit Suisse According To Reports | Credit Suisse: Credit Suisse will get Sanjivani, this big bank is going to takeover

Credit Suisse Crisis: The sound of global banking crisis was heard with the collapse of Silicon Valley Bank of America and now many countries are facing financial worries continuously. The latest example in this episode is from Credit Suisse Bank of Switzerland. The news of its facing huge problems put its investors in worry. However, a new news is now coming out in this episode which can prove to be a relief for the banking system and investors. The Swiss National Bank is carrying out this initiative as part of efforts to restore trust in the banking sector of Switzerland.

UBS will takeover Credit Suisse!

According to the report of the Financial Times, it has been reported that Switzerland’s second largest bank Credit Suisse may take over some or all of the bank by UBS. Switzerland’s largest bank UBS (UBS) has started talks for this. Discussions are going on between the board of UBS Bank with the board of Credit Suisse Bank, which is facing huge problems, and news has come that the Swiss National Bank, the central bank of Switzerland, and the regulator FINMA are conducting these talks.

Credit Suisse shares fell heavily

Earlier in this week, news has also come that Credit Suisse will take a loan of $ 5400 million ($ 54 billion) from the central bank of Switzerland, but despite this, its shares have to bear the brunt of Credit Suisse’s deteriorating financial condition. Shares of Credit Suisse fell 7 per cent on Friday and in the entire trading week, its stock has registered a decline of 24 per cent.

Countries in shock due to global banking crisis

After the sinking of Silicon Valley Bank and Signature Bank in America, if Credit Suisse also sinks, then it will be the third largest bank which will shock the markets around the world. To prevent this from happening, the Swiss National Bank of Switzerland and the banking regulator FINMA are conducting serious discussions very closely and in depth to complete this deal. However, at present both UBS and Credit Suisse banks have refused to comment on the matter.

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