BIG BANK'S getting BIGGER, As negotiations drag on late on Saturday night local time, Bloomberg reports that liabilities at the Credit Suisse investment bank are proving to be a key sticking point in the takeover talks ("UBS is worried about the balance sheet risk associated with the investment bank, which has suffered a string of losses and scandals in recent years"), with Reuters adding that UBS is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse. The $6 billion in guarantees "would cover the cost of winding down parts of Credit Suisse and potential litigation charges." https://www.zerohedge.com/markets/ubs-seeks-government-backstop-it-rushes-finalize-credit-suisse-takeover-deal-soon-tonight