[theold]

The ailing bank is to be merged with UBS. The National Bank has campaigned for a speedy solution.

Now the Credit Suisse Group, which can hardly stand on its own two feet, is to be sold off to its toughest competitor.

As the "Financial Times" reported on Friday evening, the National Bank, headed by Thomas Jordan, wanted the two banks to "agree on a simple and uncomplicated solution before the markets open on Monday".

The desired scenario of the supervisory authorities is a merger of the two big banks. The so-called Plan A is intended to stop the total collapse of investor confidence in Credit Suisse, writes the British financial newspaper. 

A collapse of CS as one of 30 global systemically important banks would trigger a chain reaction that could no longer be controlled.

https://www.blick.ch/wirtschaft/verhandl...12560.html