Swiss Prosecutors Probe Credit Suisse Deal, Job Cuts Seen

  • Banks’ combination will result in significant duplication
  • Attorney general investigates possible crimes in takeover
UBS to Cut Up to 30% of Headcount
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Switzerland’s top prosecutor opened a probe to gather information into potential crimes that may have taken place around UBS Group AG’s takeover of Credit Suisse Group AG, while the emergency combination of the nation’s two biggest banks begins to take shape.