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

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…