Swiss Antitrust Watchdog Reviewing UBS-Credit Suisse Deal
- Competition commission to submit recommendation to Finma
- Finma already approved takeover under emergency rules
WATCH: Credit Suisse's Crisis
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Switzerland’s competition commission is reviewing the effects of the government-brokered takeover of Credit Suisse by UBS Group AG, a spokesman said.
The competition commission plans to submit recommendations to financial regulator Finma by the end of September, according to the spokesman. Finma may then take a decision based on it and on other significant data, he said.