GENEVA – Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.
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 centre remains “clean” and identify any criminal offence lying within their remit, they added.
A “surveillance system” has been put in place that will allow them to intervene if necessary, the public ministry said.
The prosecutors said they wanted to “have an…
