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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UBS may cut up to a third of jobs after Credit Suisse takeover, Tages-Anzeiger reportsThe bank created by the UBS takeover of Credit Suisse is poised to reduce its workforce by 20-30%, Swiss daily Tages-Anzeiger reported on Sunday, citing an unnamed senior UBS manager.
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Up to 30% of jobs to be cut by enlarged UBS, Tages-Anzeiger reportsThe bank created by the UBS takeover of Credit Suisse is poised to reduce its workforce by 20-30%, Swiss daily Tages-Anzeiger reported on Sunday, citing an unnamed senior UBS manager.
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Norwegian wealth fund seeks Credit Suisse boardroom shake-upNorges Bank Investment Management will vote against the re-election of Credit Suisse Chair Axel Lehmann and six other directors at the Swiss lender's annual general meeting on Tuesday, the Norwegian wealth fund said on its website.
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Swiss prosecutor investigates Credit Suisse takeover -FTSwitzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group , the Financial Times reported on Sunday.
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The Fatal Flaw in Credit Suisse’s Last-Ditch Attempt to Save ItselfCredit Suisse Group’s new-look investment bank, CS First Boston, was supposed to help salvage the lender. Instead, it may have hastened its fall.
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Swiss prosecutor probes Credit Suisse takeoverSwitzerland'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.
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