UBS Seeks Government Backstop As It Rushes To Finalize Credit Suisse Takeover Deal As Soon As Tonight
March 18, 2023 at 17:15 PM EDT
So much can change in just 48 hours. Late on Thursday, it appeared that UBS was opposed to a combination with Credit Suisse. Then, on Friday, both banks appeared to change their minds. Now, it seems a deal is inevitable.