💰 UBS offers up to $1 billion for Credit Suisse in race to save bank, Financial Times reports

TL;DR

Swiss authorities are examining imposing losses on Credit Suisse bondholders as part of a rescue, two sources with knowledge of the matter said on Sunday, while European regulators are apprehensive for fear it could hit investor confidence elsewhere. Bloomberg News, citing people with knowledge of the matter, said Credit Suisse was resisting the offer of up to $1 billion, believing it to be too low and that it would hurt shareholders and employees who hold deferred stock. See here for a complete list of exchanges and delays

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