UBS reportedly seeks $6 billion in authorities ensures for Credit score Suisse takeover

UBS is asking the Swiss authorities to cowl about $6 billion in prices if it have been to purchase Credit score Suisse, an individual with data of the talks mentioned, as the 2 sides raced to hammer collectively a deal to revive confidence within the ailing Swiss financial institution.

The 167-year-old Credit score Suisse is the most important identify ensnared within the turmoil unleashed by the collapse of U.S. lenders Silicon Valley Financial institution and Signature Financial institution over the previous week, spurring a…