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Switzerland’s federal prosecutor has launched an investigation into whether or not final month’s state-backed takeover of the stricken financial institution Credit Suisse by its greater rival UBS broke Swiss legal legislation.
The workplace of the legal professional common mentioned it was trying into potential breaches by authorities officers, regulators and executives on the two banks who thrashed out an emergency merger over a frantic weekend in mid-March to forestall a wider monetary meltdown.
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