UBS in talks to buy all or part of Credit Suisse, WSJ reports

UBS (UBS) is in talks to take over parts or all of Credit Suisse (CS), which might involve a government backstop, Justin Baer, Margot Patrick and Ben Dummett of Wall Street Journal report, citing people familiar with the situation. The banks have discussed a number of scenarios, including those that end with UBS taking over all or parts of Credit Suisse, sources told the Journal. Swiss authorities are expected to reach at least a rough deal before Monday’s market open, the paper adds. The talks were reported earlier by the Financial Times. Reference Link