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Top headlines: UBS eyes Credit Suisse takeover, Amritpal declared fugitive

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BS Web Team New Delhi
UBS eyeing swoop for Credit Suisse amid fears of banking contagion

UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse, sources said, a move that could dampen fears the unfolding crisis might destabilise the global banking system.

The 167-year-old Credit Suisse is the biggest name ensnared in the market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week, losing a quarter of its stock market value since Monday.

To get the crisis under control, UBS was coming under pressure from the Swiss authorities to carry

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First Published: Mar 19 2023 | 10:00 AM IST

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