UBS UBS CH:UBSG has reportedly tapped JPMorgan Chase & Co. JPM to look into a possible stock listing for the domestic business of Credit Suisse CS CH:CSGN, the Swiss rival it struck a government-backed deal to take over last month. According to a Wednesday report from Zurich finance blog Inside Paradeplatz, the plan could see UBS keep a majority stake in the listed company, creating synergies.
... UBS UBS UBSG has reportedly tapped JPMorgan Chase & Co. JPM to look into a possible stock listing for the domestic business of Credit Suisse CS CSGN , the Swiss rival it struck a government-backed deal to take over last month. According to a Wednesday report from Zurich finance blog Inside Paradeplatz, the plan could see UBS keep a majority stake in the listed company, creating synergies.
Swiss banks have lost their ponzied panache, so it may be difficult for Credit Suisse to raise $2 billion on Wall Street quickly enough.