Switzerland UPS Provident Reuters UBS SVB Switzerland

Fail or sale? What could be next for stricken Credit Suisse

Reading now: 142

In this article Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled lender's prognosis, weighing the option of a sale and whether it is indeed «too big to fail.» Credit Suisse's management began crunch talks this weekend to assess «strategic scenarios» for the bank, Reuters reported citing sources.

It comes after the Financial Times reported Friday that UBS is in talks to take over all or part of Credit Suisse, citing multiple people involved in the discussions.

Neither bank commented on the report when contacted by CNBC. According to the FT, the Swiss National Bank and Finma, its regulator, are behind the negotiations, which are aimed at boosting confidence in the Swiss banking sector.

The bank's U.S.-listed shares were around 7% higher in after-hours trading early Saturday. Credit Suisse is undergoing a massive strategic overhaul aimed at restoring stability and profitability after a litany of losses and scandals, but markets and stakeholders still appear unconvinced.

Read more on cnbc.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News