According to a media report, the Swiss Competition Commission (Comco) could still demand conditions from UBS during the takeover of Credit Suisse. The competition authorities are currently examining the takeover and conducting hearings.
This content was published on
2 minutes
Keystone-SDA
More
More
Why a monster UBS bank scares Switzerland
This content was published on
Some Swiss believe Credit Suisse should have been broken up and sold off in parts to foreign buyers to spread risk.
This was confirmed by a Comco spokesman to the AWP news agency on Monday on request. The Handelzeitung newspaper had previously reported on it online. “We will send our statement to Finma at the end of September,” announced Comco director Patrik Ducrey. Ducrey did not want to say anything about whether and, if so, what conditions Comco will recommend to Finma.
More
More
Did the Swiss government do enough to save Credit Suisse?
This content was published on
The Swiss government displayed confusion, dysfunction and mistrust as the Credit Suisse drama spun out of control.
“But it would be surprising if the cartel guardians would wave the monster takeover through without any suggestions for correction,” the article says. Another question is whether the Financial Market Supervisory Authority (Finma) takes up the concerns of Comco.
So far there have been no conditions despite it being a merger of giants. The Swiss competition authority had nothing to say about the emergency takeover of what was once the second-largest Swiss bank by the even larger UBS, which was announced in March and completed in June. In cases where financial stability is at stake, Finma can approve a merger without the intervention of Comco.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
Abbot of Saint-Maurice steps down following sex abuse report
This content was published on
Jean Scarcella has decided to step down as Abbot of Saint-Maurice in the Swiss canton of Valais, the abbey announced on Saturday.
Philipp Matthias Bregy named new president of Centre Party
This content was published on
Valais National Councillor Philipp Matthias Bregy is the new President of the Centre Party. The delegates elected him as the successor to Gerhard Pfister on Saturday in Bern without discussion.
Global call for active neutrality launched from Geneva
This content was published on
A number of players have launched a worldwide appeal for active neutrality in Geneva at a time when the major powers are taking a tougher line. The city is competing with Vienna to attract an international congress on this issue in 2026.
This content was published on
The M'Tongé gorilla has died at Basel Zoo at the age of 26. The dominant male had to be euthanised on Friday morning owing to a parasite infection.
This content was published on
Swiss Finance Minister Karin Keller-Sutter, who holds the rotating Swiss presidency this year, has been invited to Paris by French President Emmanuel Macron.
Swiss canton coordinates donations for landslide destroyed village
This content was published on
The Swiss canton of Valais to form committee to coordinate CHF 57.4 million donations for village destroyed by a landslide.
Body of Blatten landslide victim found and identified
This content was published on
The body of 64-year-old man, who has been missing since part of the Brich glacier collapsed on the Swiss village of Blatten has been found.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss government backs Credit Suisse parliamentary inquiry committee
This content was published on
Switzerland’s federal government has expressed support for a move to set up a parliamentary enquiry committee on the Credit Suisse debacle.
Swiss investors in Credit Suisse join class action challenging UBS deal
This content was published on
UBS is facing a new legal challenge to its takeover of Credit Suisse after a group of leading Swiss investors joined a class-action lawsuit.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.