Curing Credit Suisse should contain the chaos

Kelleher: The bits that UBS will keep will leave Credit Suisse’s investment bank and trading desks needing no more than 25% of its capital. — AFP

ONCE the world knows a bank is in government-led talks about a rescue deal, then it’s a deal that has to be done.

Credit Suisse Group AG could not afford to go into the opening of Asian markets with its own national authorities having questioned its viability.