ZURICH - Credit Suisse. Switzerland's third-largest bank, confirmed it was negotiating to buy Gewerbebank Baden, a Swiss regional bank with assets equal to $1.3 billion.
Brown Boveri, the engineering company, had announced earlier that it was discussing the sale of its majority stake in the bank.
Gewerbebank Baden's board president, Kurt Graber. said if the deal went through, he expected Credit Suisse to make an offer to buy out the minority shareholders.