FT learned about the UBS offer to buy Credit Suisse Group AG for $1 billion

UBS suggested to redeem Credit Suisse Group AG for $1 billion, reported FT sources. Suggested price — several times below market cost the Swiss banks at the last auctions. The Swiss authorities which organized negotiations on absorption, are ready to change the legislation to accelerate sale the Management the largest Swiss banks UBS in the morning on Sunday, March 19, suggested to redeem the competitor — Credit Suisse Group AG — for the sum to $1 billion. About it reported four sources of newspaper "The Financial Times", directly familiar with a situation. According to them, the offer assumes that actions...