Finance
Credit Suisse Takeover Is Focus of Swiss Regulator’s Probe, Paper Says
- Finma issued order in September 2023 to Credit Suisse, UBS: SZ
- Probe being led by law firm Wenger Plattner, paper reports
This article is for subscribers only.
Switzerland’s banking regulator is investigating the final 15 months of Credit Suisse as an independent bank and its rescue by UBS Group AG, according to SonntagsZeitung.
Finma issued a 36-page order to Credit Suisse, which now only exists in name, and UBS in September 2023 setting out its investigation, the Swiss weekly paper reported. Since then, a dozen current or former officials from both banks have already been investigated, and the law firm of Wenger Plattner has been hired to lead the probe, according to the paper.