Author: conradpape
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Swiss prosecutor probes Credit Suisse takeover
UBS agreed to acquire Credit Suisse last month * Deal orchestrated by Swiss authorities * Poll shows Swiss economists disagree with deal (Adds reaction, Credit Suisse and UBS no comment) By Gabrielle Tétrault-Farber GENEVA, April 2 (Reuters) - Switzerland's Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the office of the attorney general said on Sunday. The prosecutor, based in the Swiss capital Bern, is looking into potential breaches of the country's criminal law by government officials, regulators and executives at the two banks, which agreed on an emergency merger last month…
May 26, 2024
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