ubs getty stock 493592

UBS will not buy Credit Suisse after all

Neither UBS nor Credit Suisse consider a forced merger to be a suitable solution,

reported Bloomberg News recently, citing people familiar with the matter. According to the latest information, UBS is more focused on its own wealth-focused strategy and is reluctant to take on the risks associated with Credit Suisse, while the rival requests additional time to complete the reorganization workafter a large company received financial support from the Swiss central bank.

UBS and Credit Suisse declined to comment when contacted by Reuters.

Analysts of the American bank JPMorgan believed that the acquisition of another lender, probably UBS, is the most likely scenario for Credit Suisse.

Cover image: Getty Images