GENEVA, Switzerland -Swiss federal prosecutors said Sunday that they had opened an inquiry into the UBS takeover of its embattled banking rival Credit Suisse, following pressure from federal authorities and media leaks. In an email to AFP, prosecutors said they issued orders to investigate after 'taking stock of the situation with all the relevant internal services' and contacting national and local authorities. The probe will aim to ensure Switzerland's financial center remains 'clean' and identify any criminal offences within their remit, they said.

https://business.inquirer.net/394441/swiss-prosecutors-say-investigating-ubs-credit-suisse-merger

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