Exclusive: UBS seeks about $6 billion in government guarantees for Credit Suisse deal -sourcereuters.com/markets/deals/ubs-seeks-about-6-bn-government-guarantees-credit-suisse-deal-source-2023-03-18
UBS Group AG (UBSG.S) is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG (CSGN.S), a person with knowledge of the discussions told Reuters on Saturday.
The discussions are still ongoing and the figure could change as several scenarios are still under review, the person said.
The guarantees would cover the cost of winding…
This story appeared on reuters.com, 2023-03-18.