The Swiss authorities are considering nationalizing Credit Suisse and imposing losses on its bondholders as part of a rescue plan.
is the “only option” to prevent a “collapse in confidence” in Credit Suisse.
The nationalization would be an emergency option due to the complexities surrounding the deal and the limited time available. Swiss authorities areto accelerate the deal before Asian markets open, including allowing the deal to proceed without a shareholder vote. UBS is reportedly asking the government to shoulder around $6 billion on legal costs and potential future losses in the event of a takeover. UBS is offering $1 billion for Credit Suisse, a considerable discount under the bank's market value on March 17 of nearly $8 billion,Market capitalization history of Credit Suisse, 2001-2023. Source: Companies Market Cap
Swiss authorities are also concerned about job losses due to the deal. According to reports, Credit Suisse was previously
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