credit suisse ubs merger logos
UBS merged with Credit Suisse in a deal brokered by regulators in March.
  • Swiss prosecutors have launched a probe into the UBS takeover of rival Credit Suisse. 
  • Switzerland's Federal Prosecutor is looking into possible breaches of criminal law.
  • The takeover has proved highly unpopular in Switzerland, with a majority wanting UBS split up.

Swiss prosecutors have launched a probe into the takeover of Credit Suisse by its arch rival UBS as scrutiny of the highly controversial acquisition intensified, according to a report.

Switzerland's Federal Prosecutor told the Financial Times it was looking into potential breaches of Swiss criminal law by government officials, regulators and executives at the banks.