UBS offers to buy Credit Suisse for up to $1b: FT
Updated 21:12, 19-Mar-2023

Switzerland's UBS has offered to buy Credit Suisse for up to $1 billion, the Financial Times reported on Sunday.

The Swiss authorities were planning to change the country's laws to bypass a shareholder vote on the transaction as they rush to finalize a deal before Monday, the report said.

The Credit Suisse bank is pushing backing the offer, claiming the offer is too low and would hurt shareholders and employees who have deferred stock, Bloomberg News later reported, citing sources.

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