DThe Swiss Attorney General is investigating the state-backed takeover of Credit Suisse (CS) by UBS. This is apparently about the passing on of information during the five-day negotiations between the Swiss government, the Swiss Financial Market Supervisory Authority (Finma), the Swiss National Bank (SNB) and the two banks. Individual media such as the “Financial Times” and the financial news agency “Bloomberg” were informed about the details of the planned transaction even before it was sealed and sealed on Sunday two weeks ago.
“We have taken note of the media reporting on the events surrounding CS in the past few days and have carried out an assessment of the situation with all internal departments involved,” the federal prosecutor’s office told the FAZ. In addition, contact was made with national and cantonal authorities. Investigation orders were also issued. In view of the relevance of the events, the Attorney General’s Office says they want to contribute to a clean financial center in Switzerland.
Apparently, she is not just targeting possible breaches of official secrecy. Rather, the prosecutors emphasize that they want to take a look at “the numerous aspects” of the events surrounding CS. It is important to analyze and identify any criminal offenses. “In this context, various internal and external bodies were commissioned or contacted with the aim of making clarifications and bringing together information,” writes the federal prosecutor’s office, who does not want to comment on the exact content of the individual ongoing investigations.