Business Standard

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

Business Standard brings you top headlines at this hour

Credit Suisse

Photo: Bloomberg

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to