nationalizing

According to reports, people familiar with the matter have revealed that the Swiss authorities are considering nationalizing Credit Suisse Group wholly or partially as the only viable option beyond the acquisition of UBS Group. According to people familiar with the matter, due to the complexity of the transaction arrangement and the short time frame involved, if the acquisition of UBS Group fails, the country is considering either taking over Credit Suisse completely or holding a significant stake in Credit Suisse. The situation is very unstable and there is still a…