Credit Suisse, UBS shares drop after Swiss probe into merger
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Credit Suisse, UBS shares drop after Swiss probe into merger

ByNews Polite

Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation into the emergency merger of the two lenders. The office of the attorney general said on Sunday that the prosecutor opened an investigation into the state-backed takeover of Credit Suisse by UBS Group last month, looking into potential breaches of the country’s criminal law by…

Spirit Airlines shareholders approve $3.8B merger with JetBlue
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Spirit Airlines shareholders approve $3.8B merger with JetBlue

ByNews Polite

Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators. JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. Spirit announced the outcome after…