Sun, Mar 19, 2023
An offer was made on Sunday morning with a price of 0.25 Swiss francs ($0.27) a share to be paid in UBS stock, the newspaper said, citing people familiar with the matter. Credit Suisse's shares closed at 1.86 Swiss francs on Friday.
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Credit Suisse crisis: The 167-year-old Credit Suisse is the biggest name ensnared in the turmoil unleashed by the collapse of US lenders Silicon Valley Bank and Signature Bank over the past week, spurring a rout in banking stocks and prompting authorities to rush out extraordinary measures to keep banks afloat.
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