BBCNEWS BBC News June 4, 2024 03:17:00
Many provisos. so the first is what we just recently and exclusively reported, which is that ubs is seeking $6 billion in government guarantees for credit suisse in order to do a deal. now, there's a lot of risk around this deal in terms of credit suisse's troubles, and what we understand is that the government and the parties from both companies are really trying to hammer out some of the terms here. and ubs is, i think, driving quite a hard bargain because there are lots of risk to the company. there are many employees that might need to be laid off, on top of which there is a litigation ris...