The banking world is abuzz with news surrounding Credit Suisse and UBS, two major Swiss banks. Credit Suisse has been under pressure to merge with UBS, and experts predict that a deal could be in the works. According to sources, UBS is in talks to acquire all or part of Credit Suisse, a move that could shake up the banking industry.

These talks come after Credit Suisse suffered massive losses due to the collapse of Archegos, a US hedge fund. The bank has been under scrutiny and has already seen several high-level resignations.

Both banks declined to comment on the talks, but sources say that negotiations are ongoing. The potential deal could help Credit Suisse recover from its losses and give UBS a stronger presence in the Swiss banking sector.

In addition to the possible merger, both banks are also exploring opportunities in the cryptocurrency industry. Credit Suisse and UBS are working on a deal involving crypto and are also involved in a court case related to the virtual currency.

As the talks between Credit Suisse and UBS continue, the banking world eagerly awaits the outcome of what could be a major shift in the industry.