Crunch time for Credit Suisse talks as UBS seeks Swiss assurances

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By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) – Authorities were scrambling to rescue Credit Suisse on Sunday ahead of the reopening of markets as UBS AG sought $6 billion from the Swiss government if it were to buy its struggling rival, a person with knowledge of the talks said. Officials are facing a crisis of confidence in the 167-year-old Credit Suisse, the most globally significant bank caught in the turmoil spurred by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week. “The last days of Credit Suisse”, proclaimed the front page of Swis…

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