Swiss authorities are reportedly considering nationalizing all or part of Credit Suisse.

According to sources, Swiss authorities are considering nationalizing all or part of Credit Suisse as the only viable option outside of a potential acquisition by UBS Group. The sources suggest that due to the complexity of the deal and the short time frame involved, if the acquisition by UBS fails, the country is considering either taking complete control of Credit Suisse or holding a large stake in the company. The situation is highly uncertain and subject to change as Swiss authorities seek to finalize a solution for Credit Suisse before the opening of Asian markets (late night European time). The Swiss Ministry of Finance declined to comment. The acquisition of Credit Suisse by UBS is fraught with complexity, with thorny issues including whether the government will provide guarantees to offset potential legal and other losses. (Jinse)