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Swiss financial regulator closes UBS antitrust probe after Credit Suisse merger
June 19, 2024June 19, 2024by In Bussiness

Swiss financial regulator closes UBS antitrust probe after Credit Suisse merger

Zurich: Switzerland‘s financial regulator, FINMA, on Wednesday said it would not further investigate UBS‘s market dominance after it rescued Credit Suisse last year. “The merger of UBS and Credit Suisse will not eliminate effective competition in any market segment,” FINMA said. The decision follows a report by the country’s competition authority, COMCO, which was sent...