UBS prefers to focus on its own wealth-centric strategy and is reluctant to take on risks related to Credit Suisse,
, as the smaller rival seeks additional time to complete its restructuring efforts after receiving financial support from the Swiss central bank.Wall Street bank JPMorgan on WednesdayCredit Suisse's takeover by another lender, probably UBS, was the most likely scenario for the embattled bank. Credit Suisse sought to restore investor confidence on Thursday by borrowing up to $54 billion from the Swiss National Bank after a slump in its shares had intensified fears of a global banking crisis set off by a collapse of two mid-sized U.S. lenders.
Everyone should oppose a bigger bank!
Debit Suisse was quick to ban Adani bonds only a few weeks ago.. Karma is really a b!th!
Tough titty!! Maybe you shouldn’t have taken such risks with peoples money like your playing monopoly and spunking it on your big bonuses and salaries whilst the rest are expected to bail you out !