[Central News Agency] After the UBS Group started negotiations on a possible acquisition of struggling rival Credit Suisse, a Swiss government spokesman said today that the government will hold a press conference at 7:30 p.m. local time (2:30 a.m. Taipei time on the 20th). meeting.

Swiss government spokesman Andre Simonazzi announced the press conference on Twitter, but gave no details on the day-long emergency talks with finance ministers in the capital Bern, AFP reported.

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UBS AG has agreed to buy Credit Suisse for $2 billion, the Financial Times reported.

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