Switzerland's Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the Financial Times reported on Sunday.
The Bern-based prosecutor is looking into potential breaches of Swiss criminal law by government officials, regulators and executives at the two banks, which agreed on an emergency merger last month, the report said citing the authority.
Last month, UBS acquired rival Credit Suisse in a deal worth 3 billion Swiss Francs ($3.3 billion).
Source(s): Reuters