Swiss Prosecutors Investigate Credit Suisse Takeover by UBS.

Swiss prosecutors have launched an investigation into the UBS Group's takeover of Credit Suisse, looking into potential crimes by executives at both banks. The prosecutor's office did not specify which parts of the agreement it would investigate. UBS agreed to buy Credit Suisse for $3.2 billion, taking on the first $5.4 billion in losses from unwinding derivatives and other risky assets. The investigation comes just a week after the Swiss government handed Credit Suisse a $54 billion bailout.