Swiss National Bank chair Thomas Jordan (L, L) met with UBS board figures (R) today to hash out an urgent deal for the sale of Credit Suisse to UBS to reassure markets before Monday.
Swiss authorities are examining imposing losses on Credit Suisse bondholders as part of a rescue, two sources with knowledge of the matter said on Sunday, while European regulators are apprehensive for fear it could hit investor confidence elsewhere. Authorities have been racing to rescue the 167-year-old bank, among the world's largest wealth managers, after a brutal week that saw the second- and third-largest U.S. bank failures in history.
Shotgun marriage: Swiss bank UBS 'is prepared to take over troubled rival Credit Suisse but only for knockdown price' -- Puppet Masters -- Sott.net sott.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sott.net Daily Mail and Mail on Sunday newspapers.