BERN, SWITZERLAND — UBS Group AG is currently engaged in discussions with the government to secure guarantees of approximately $6 billion for a potential acquisition of Credit Suisse Group AG.

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These talks are still underway, and various scenarios are being evaluated, which could result in fluctuations in the proposed figure.

The guarantees sought by UBS Group AG are intended to provide coverage for expenses associated with the closure of certain divisions of Credit Suisse, as well as potential litigation fees.

This information was corroborated by a secondary source, who confirmed the existence of discussions, without commenting on the exact amount being discussed.

The implications of such a takeover are significant, and the need for government guarantees underscores the magnitude of the financial risks involved.

The ongoing discussions and potential acquisition have far-reaching implications for the financial industry, stakeholders, and the economy as a whole.