Cuckoo?
It is a measure of how seriously the Swiss authorities view Credit Suisseās position that they are, according to weekend reports, orchestrating a UBS takeover. It is not the first time that a merger of these banking behemoths has been considered. Last time it was Credit Suisse which considered acquiring UBS when it was in serious difficulties after the 2008 Global Financial Crisis. UBS survived, with Swiss government backing, shareholder cash, endless cost-cutting and, eventually, a return to its strengths:…