MOSCOW, Mar 19 Credit Suisse opposes a $1 billion sale bid by UBS, the largest Swiss bank, Bloomberg reports citing sources.
Earlier, the Financial Times, citing sources, reported that the largest Swiss bank UBS is discussing the acquisition of Credit Suisse. According to her, behind the organization of the negotiations are the Swiss National Bank and the financial regulator FINMA, who are trying to strengthen confidence in the country's banking sector. It was also noted that UBS offered to acquire Credit Suisse for $1 billion.
«Credit Suisse, which hit a market value of… $8 billion on Friday… thinks the amount offered is too low and will hurt damage to shareholders and employees,» the agency said in a statement.
On Wednesday, the value of Credit Suisse shares fell by a quarter on the stock exchange. Earlier, financial commentator Robert Kiyosaki (he accurately predicted the collapse of the American banking giant Lehman Brothers in 2008) said that the next bank that could fail after the bankruptcy of the American Silicon Valley Bank (SVB) would be Credit Suisse. The bank, in turn, stated that it would borrow up to 50 billion Swiss francs (about $53.7 billion) from the Central Bank.