Switzerland’s Competition Commission is looking into UBS’s (UBSG.S) takeover of Credit Suisse, the authority said on Monday.
In March, the Swiss government, central bank and financial regulator rushed through a rescue deal for Credit Suisse, resulting in the country’s two largest banks merging.
“We confirm that the Swiss Competition Commission is looking at the takeover of CS by UBS and will send FINMA her results probably by the end of September,” the Commission’s vice-director.
Source : Reuters
This essay analyses the causes of, and remedies for, external imbalances, and what countries should…
Rising rates are testing Japan’s fiscal framework, with debt dynamics hinging on growth and pointing…
With a return to the pre-Iran conflict energy status quo unlikely, a Hormuz toll may…
US firms’ rise in EU asset management may weaken sustainable finance, making tougher stewardship, ESMA…
When global uncertainty increases, emerging markets are typically the most exposed. Historically, tighter US monetary…
Global imbalances are back, and the lesson from history is that they often end in…