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Credit Suisse could seek UBS merger on the back of Archegos, Greensill scandals

Execs fear its falling share price could leave it vulnerable to a foreign hostile takeover

Credit Suisse's chair Antonio Horta-Osorio has called for a strategic review, as other execs fear its falling share price could leave it vulnerable to investors calling for a breakup
Credit Suisse's chair Antonio Horta-Osorio has called for a strategic review, as other execs fear its falling share price could leave it vulnerable to investors calling for a breakup Photo: Bloomberg via Getty Images

Credit Suisse executives are looking for ways to overhaul the bank and a merger with Swiss rival UBS may be on the cards.

The bank has seen its share price hurt post the Archegos meltdown, in which Credit Suisse took a $5bn hit. The Greensill Capital collapse, triggered when it suspended $10bn in funds used by the supply chain finance firm, also impacted.

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