Switzerland’s top prosecutor has opened a probe into events leading up to the government-orchestrated takeover of Credit Suisse by UBS.
The Swiss attorney general’s office is examining potential breaches of criminal law by government officials, regulators and executives of the two banks, wherein sensitive information from the negotiations was leaked to the press, a person familiar with the matter told the Financial Times.
“In view of the relevance of the events, [the office] wants to proactively fulfill its mission and responsibility to contribute to a clean Swiss financial center and has set up monitoring in order to take immediate action in any situation that falls within its field of activity,” the agency told the Financial Times, Bloomberg and The Wall Street Journal.
