A UBS spokesperson declined to comment. Spokespeople for Finma and the Swiss Finance Ministry declined to comment. A call to Wenger Plattner left outside office hours was not immediately returned.
Switzerland’s banking regulator is investigating the final 15 months of Credit Suisse as an independent bank and its rescue by UBS Group AG, according to SonntagsZeitung.
Finma issued a 36-page order to Credit Suisse, which now only exists in name, and UBS in September 2023 setting out its investigation, the Swiss weekly paper reported. Since then, a dozen current or former officials from both banks have already been investigated, and the law firm of Wenger Plattner has been hired to lead the probe, according to the paper.
