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Tag : Credit Suisse

Business

Breaches of criminal law in Credit Suisse-UBS merger to be probed by Swiss prosecutor

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Switzerland’s Federal Prosecutor is investigating potential breaches of criminal law by officials involved in the state-backed takeover of Credit Suisse by UBS Group, which was announced last month. The prosecutor’s office is examining the deal for any evidence of wrongdoing by government officials, regulators, and executives at both banks. The......
Business

Credit Suisse and UBS are in talks to merge – FT

Editor
UBS (UBSG.S) is in discussions to acquire Credit Suisse (CSGN.S), with the boards of Switzerland’s two biggest lenders meeting separately this weekend, the Financial Times reported. The Swiss National Bank and regulator FINMA are organizing the talks to build confidence in the country’s banking sector, Reuters reported, citing sources. Swiss......