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Credit Suisse talks with Swiss authorities on ways to stabilize, Bloomberg says
The Fly

Credit Suisse talks with Swiss authorities on ways to stabilize, Bloomberg says

Swiss authorities are in talks with Credit Suisse (CS) about ways to stabilize the bank and have talked about options that range from a public statement of support to a potential liquidity backstop, people familiar with the matter told Bloomberg. Among the other ideas floated include a separation of the Swiss unit and a "long-shot orchestrated tie-up" with larger Swiss rivalUBS Group (UBS), said the sources, who cautioned Bloomberg that it is unclear "which, if any, of these steps will actually be executed."

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