📝 Credit Suisse Takeover Most Likely Scenario: J.P. Morgan

Credit Suisse being taking over by most likely UBS, was the most likely scenario for the embattled lender. Liquidity support indicated from the Swiss National Bank overnight was not enough.

We see a resolution scenario as most unlikely in our view and more likely an intervention with the 3rd option of a takeover as the most likely scenario, especially by UBS.

- J.P. Morgan