A source tells that the Swiss Governing council will hold a press conference about Credit Suisse on Sunday at 6:30 PM local (Zurich) time.
Still no clear what they will say, and it can always be delayed or canceled.
But this should add to the expectations that we will get a series of red headlines tomorrow before Asia opens that will "solve" this issue.
Of course, this was supposed to be "solved" Thursday with their 54B(SFR) loan from the Swiss Central Bank.
So, they could announce a disappointing/half-measure that does "solve" the problem.
The over/under on the sale price to UBS is:
One Swiss Franc (in total, not per share), three Toblerones, and a UBS will pay for a fondue dinner for six.
Source: Jim Bianco