Swiss Prosecutors Probe State-Backed Credit Suisse Takeover by UBS

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Swiss Prosecutors Probe State-Backed Credit Suisse Takeover by UBS
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Switzerland’s prosecutors are probing the government-orchestrated takeover of Credit Suisse Group by rival UBS Group

government-orchestrated takeoverThe federal prosecutor has reached out to national and local authorities and “issued investigation orders” to analyze and identify if any

criminal offenses took place under the deal, which also involved the government, the financial regulator, Finma, and Switzerland’s central bank, a spokeswoman said in a statement.

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