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Swiss Government Holds Talks on Options to Stabilize Credit Suisse

Swiss government discusses ways to stabilize Credit Suisse after stock plunge, including liquidity backstop and options for Swiss unit separation or tie-up with UBS Group.

  • Swiss government discussing ways to stabilize Credit Suisse after recent stock plunge.
  • Switzerland's central bank and financial regulator confirmed bank will receive liquidity backstop if needed.
  • Other options include Swiss unit separation and tie-up with UBS Group.
  • Credit Suisse's stock plunged as much as 31% on Wednesday.
Swiss Government Holds Talks on Options to Stabilize Credit Suisse
Swiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, according to people familiar with the matter, after comments by its biggest shareholder and broader financial market jitters helped trigger a plunge in the stock on Wednesday.

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