*UBS IN TALKS TO TAKE OVER ALL OR PART OF CREDIT SUISSE AS SHARE PRICES FALL $UBS $CS 🇨🇭🇨🇭
-Banking giant UBS is in discussions to take over all or parts of Credit Suisse, with the boards of Switzerland's two biggest lenders set to meet separately over the weekend, the Financial Times reported on Friday.
On Friday evening, Swiss regulators informed their counterparts in the United States and United Kingdom that the merger of the two banks was their"Plan A" to salvage the confidence in Credit Suisse, the report added. The Swiss central bank's focus is on agreeing a straightforward solution before markets open on Monday, the report said, adding there is no guarantee a deal will be reached.
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