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UBS Credit Suisse rescue is messy but unstoppable

Very few people seem to want UBS and Credit Suisse to merge, but it’s unlikely that anyone will stop it. Switzerland’s Federal Prosecutor has opened an investigation into the state-arranged deal, the office of the attorney general said on Sunday. One focus is the suspicion that insiders may have leaked details to the press, the Financial Times reported. Other hurdles include the fact that a majority of Swiss voters dislike the deal. The country’s parliament has scheduled an extraordinary s...
City Of United Kingdom Oliver Taslic Neil Unmack Thomson Reuters Trust Principles Credit Suisse

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