The banks have discussed a number of scenarios, including UBS acquiring all or part of Credit Suisse, according to those familiar with the situation. UBS has long been seen as part of any state-backed solution for Credit Suisse, which has a balance sheet roughly half the size of UBS’ total assets of $1.1 trillion. The talks, previously reported by the Financial Times, could not result in a transaction between Credit Suisse and UBS. Credit Suisse executives have repeatedly rejected those offers, arguing that asset management was a core part of its business. Credit Suisse rejected state aid at the time and came out of the crisis stronger.

Source: Wall Street Journal March 18, 2023 15:53 UTC